VERYPAY SOLUTION FOR THE TELECOM INDUSTRY

Our solution provides the opportunity for telecoms to either enter the mobile payments market, or add further value to an existing payments infrastructure. Verypay enables merchants within the telcom network, to accept mobile payments from the telecoms user base.

HOW IT WORKS

 

1) Telecom authorises merchants in its mobile network to accept mobile payments

2) Telecom users download the VERYPAY (white labeled - Telecom Brand) payments app

3) Telcom provides a 'service ready' payment acceptance device to users

4) All telecom users can now accept mobile contactless payments in authorised merchant stores

BENEFITS FOR TELCOS

 

1) Added value solution to enhance loyalty

2) Reduce current costs and Increase revenues

3) Ownership and control of the payment process

 

BENEFITS FOR MERCHANTS

 

1) Lower transaction costs

2) Digitalisation of payment process

3) Leads to higher sales and loyalty

4) Simple and easy to implement

 

BENEFITS FOR CONSUMERS

 

1) Access to mobile fnancial services

2) No need to open a bank account

3) Better security than cash

4) Simple to use

TELECOM PAYMENT NETWORK