Finally – Retailers Now Have More Ways to Process Payments

South Africa has a unique problem: the gap between informal businesses and blue-chip companies spans a wide and stretched path in the country’s economic ecosystem.

This is particular to South Africa, and until now, there has been a great financial exclusion of the former.

Bridging the Gap

However, with the growing emergence of cashless payments and the necessity of them from both customers and retailers, a veteran company in the Fintech space that specialises in payment solutions for merchants has become a very relevant player in this sphere of the economy. NuPay, with over two decades in providing South African businesses from small to large enterprises with solutions to their payment needs, has united this financial gap with easy-to-use tools and solutions, ensuring that no businesses fall behind.

“It’s our belief that all retailers who need our services should be able to use them,” explains Ryan Pearce, Head of Sales for NuPay, an Altron FinTech business. Pearce adds that this “understanding of the South African financial landscape” is what makes NuPay uniquely poised to support businesses with a seamless solution for their payment needs.

Increasing Sales While Solving Bad Debt

One of the more interesting services NuPay provides is its DebiCheck offering, which retailers can utilise in order to load debit orders for use as lay-bys or for monthly repayments. With the low debit order disputability DebiCheck offers, better success rates in collecting repayments are assured.

Offering trust and reliability (as well as robust security)

No matter how complex in design, NuPay takes pride in being able to deliver fintech solutions to fit your payment solutions requirement. The company also offers pilots for retailers to explore the solution they need so that they may see how settlement occurs on time. In a simple and ready-to-integrate product, retailers can see how these fintech solutions will not affect their business model, but indeed enhance it to provide real-time payments from anywhere via their user-friendly, web-based interfaces.

Regarding security, NuPay’s customers can rest assured knowing that all transactions are end-to-end encrypted. Moreover, NuPay is PCI-DSS-compliant, which is renewed and reviewed annually, giving merchants the peace of mind in knowing that their businesses are in hands that adhere to all South African financial compliance laws.

Providing Seamless Onboarding

The requirements to own a POS system for a sole proprietorship is very simple. Although there are the regular credit checks to avoid any fraud and illegal business NuPay would onboard, the process only requires the business owner to provide a South African certified ID copy; proof of address; a bank account; and the industry type in which said businesses operate.

For major corporations, the process is not dissimilar. In short, each industry is vetted according to the standards set out by the financial requirements outlined by South African law.

Proving NuPay is the Right Payments Solutions Company for your Business

A large portion of the customers NuPay has acquired have been through referrals, which should speak volumes about the nature and level of trust built over the more-than twenty years in offering payment solutions to retailers.

“Our customers are from informal businesses to the very cutting-edge, blue-chip companies in South Africa,” explains Pearce. Proving to be adaptable is shown in the company’s successes through all these sectors across the country.

NuPay has presence in all nine provinces, offering sales and customer service support. This national brand gives opportunities to businesses that may never have had the opportunity to enter the growing demand for a cashless society.

Integrating Made Easy

NuPay’s delivery tools for its various solutions offer businesses a seamless integration solution by partnering strategically with retailers by integrating high-quality and robust payment solutions on their own platforms. With the android terminal now becoming a common method for payment transactions, retailers can now update payments and their own proprietary applications in real time, thanks to NuPay’s integration system.

It's time to grow and expand. If you want your business to be at the forefront of newer technologies to support your customers’ needs, then applying to NuPay today would be the ultimate solution to ensure your business stays strong in this new era of payment methods. To keep your customers happy and to help them pay with convenience sits quite clearly with the basic ethos of NuPay’s direction, which is, as Pearce says, “We simplify complexities in the payment space to offer user-friendly, compliant and bespoke payment solutions.”

Apply today. Visit www.nupay.co.za or call NuPay on 011 617 1800