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Mobile payment app launced

Standard Bank launched a mobile payment app, SnapScan on Wednesday.

This is the bank’s first mobile payments offering that allows consumers to pay for their purchases with their smartphones through a combination of a QR code and a secure PIN number.

“We created this app together with Stellenbosch-based IT agency, FireID in 2013 and it went on to win the 2013 MTN Business App of the year award,” said Vuyo Mpako, Standard Bank’s head: innovation and channel design.  

“Looking at consumer behaviour and trends, phones are attached to people or the converse for argument’s sake. There are also apps for everything from smart diaries to smart banking.”

He said there will always be a role for cash, but it’s not always accessible.
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