SnapScan: innovative system of payment
Standard Bank presented on May 06, in Maputo, during the 2nd edition of Digital Expo of Mozambique (MozTech), the Snapscan, an application in the pilot phase that will allow clients to make payments of products and services through a smartphone or tablet.
With Snapscan, the client does not need to carry money, worry about the risk of the card being cloned and other aspects of security, since the card is associated with his or her smartphone or tablet and the payment requires the introduction of codes of authorization, after scanning the trader’s QR code.
In turn, the trader does not need a payment terminal via card (POS), which in addition to allowing speed in customer service it offers a totally enjoyable service experience.
Designed to expand the reach of banking transactions for segments outside the formal commercial circuit or with a relatively robust business structure and thus respond to the calls of financial inclusion of the Central Bank, the Snapscan is already widely used in South Africa.
For Chuma Nwokocha, Managing Director from Standard Bank, speaking on the sidelines of the opening ceremony of MozTech, held at the Eduardo Mondlane University Campus, between 6th and 8th May, the aim of the bank by introducing this application “is to allow more Mozambican citizens to have access to banking services and consolidate their digital bank position, offering them a wide range of electronic products and services”.
In this context, Chuma Nwokocha explained that, in addition to the Snapscan, Standard Bank already has introduced Internet and Mobile Banking and is about to introduce the USSD of banking transactions service via sms.
“The introduction of these two electronic platforms is in response to the Central Bank’s challenges of financial inclusion of the citizens. The USSD and the SnapScan, which are in the testing phase, will allow people from remote locations, even without bank branches, to perform fast and safe operations”, said the Managing Director from Standard Bank.
With these two platforms, as mentioned, Standard Bank also intends to boost the migration of banking transactions from branches to electronic platforms, making the bank more accessible, in a quick, convenient and safe manner from anywhere, anytime.