WATCH: Uniting payment ecosystem so top brands can dream big on apps

Cape Town - The core of wiGroup’s focus has been putting down the interoperable payments layer, where retailers can connect to a single platform, while enabling mobile transaction apps that are launching.

“All the transaction apps can plug in to this platform and transact at any of the retailers,” said WiGroup founder and CEO Bevan Ducasse.

He told Fin24 that wiGroup has made transactions free for payments to ensure the ecosystem thrives.

“In order for the ecosystem to thrive, they really needed this open platform,” he said. “Payments has become a commodity and so charging for a transaction fee on payments was becoming a barrier to the market.”