SnapScan

paymentsbill paymentsmobile/digital wallet

STATUS: Acquired/Merged
FOUNDING YEAR: 2013
LOCATION: South Africa
Last Update: 17/07/2020

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About

SnapScan is a mobile payments app, providing South Africans with the most convenient way to pay with their phones. The app was named MTN App of the Year in 2013, and now boasts a network of over 50 000 merchants nationwide, with one million app downloads to date. SnapScan is an easy, affordable and convenient way for merchants to accept payments; as well as a safe, secure and seamless payment option for users. SnapScan combines the agility and speed of a small local startup with the industry knowledge and experience of Standard Bank, Africas biggest bank. As a team, we love solving difficult problems, especially when it comes to making fast, easy mobile payments possible!SnapScan is a product of FireID Payments, part of the FireID group, a set of local startups building elegant solutions to a wide range of difficult and interesting problems.

MEDICI Analysis

Snap Scan was acquired by Standard bank in Dec 2016. It is a product of Firepay which provides a mobile wallet that allows customers to link their cards or load money in their mobile app and pay at the merchants' site by scanning QR code. The app make it an easy, affordable and convenient way for merchants to accept payments and a safe, secure and convenient payment method for users.

Focus

PRODUCTS & SERVICES

QR code based mobile wallet for fund raisers, pay bills, retail stores, delivery services

People

FOUNDERS

Kobus Ehlers

Malan Joubert

NUMBER OF EMPLOYEES

1-10

company provided insights

Momentum

FUNDED

NO

LISTED

NO

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