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Netcash targets SME payments with QR code alliance

Read time 2min 30sec

Payment solutions provider Netcash has partnered with Zapper and SnapScan to expand mobile payments acceptance options for SMEs.

The company has added QR payments from Zapper and SnapScan to the payment methods supported on Netcash’s Pay Now Online Payment Gateway, Pay Now Invoice billing platform and Pay Now Request alerts.

According to the company, this further expands the payment methods Netcash offers its merchants to give customers more choice in how they pay.

In June, Netcash partnered with Mastercard to introduce QR payments across its multi-channel billing platform.

Now Netcash says merchants can generate a QR code on an e-mail or paper invoice generated from various accounting and billing software that integrates directly with the Pay Now Invoice.

It explains that users will be able to settle the bill by scanning the QR code from their smartphones and the payments will be reconciled automatically with the accounting software.

In a statement, Netcash says it already integrates with several accounting and enterprise resource planning solutions.

It adds that merchants can generate a QR code on their smartphones and show it to their customers for instant on-the-spot payment.

According to the firm, QR codes are supported in the Pay Now Online Payment Gateway and in Pay Now Request, an e-mail or SMS service that merchants use to alert customers to outstanding payments.

“Our goal at Netcash is to make it more convenient for customers to pay businesses, so that our merchants can get paid faster and with less hassle,” says Charles Pittaway, managing director of Netcash.

“Adding Zapper and SnapScan to the QR code payment services we support allows merchants to offer customer convenience, letting people choose how they want to pay.”

Netcash claims it processes over two million bills annually for a wide range of small merchants, including schools, non-profit organisations and traders.

It offers merchants a range of payment acceptance options, including instant EFT, bank EFT, credit card, Visa Checkout, retail payments, as well as mobile wallets and payments apps from banks, mobile operators and payments companies.

Chris Zietsman, CEO of SnapScan, says: “In this time of physical distancing when many of us don’t want to handle cash or cards, we have seen many small merchants moving away from traditional payments and rapidly adapt to the new normal.

“Our partnership with Netcash enables them to offer a simple click-to-pay link for mobile payments that offers a richer and more convenient user experience.”

In addition to Zapper and SnapScan, Netcash says it supports several QR code payment services and applications.

These include directly through the FNB Pay, Nedbank Scan to Pay and Capitec banking apps, and via the Masterpass app for Absa, Standard Bank, VodaPay and Spot (Virgin Money) customers.

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