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Gold Member, Payments

Wallettec

Making the acceptance of payments easier and solving the huge security risks surrounding payments.

Wallettec is a Cape Town based technology company that focuses on mobile payment solutions and mobile payment integration. Wallettec's PaaS (Payment as a Service) platform enables a retailer to accept any type of mobile transaction or currency type at their Point Of Sale. Through a single integration, retailers can enable consumers to transact at their Point Of Sale using only their mobile phones. No credit or debit cards required, no 3rd party apps. All you need is your mobile device and a bank account. Wallettec turns mobile payments into a real solution and not only a fancy way to swipe your credit or debit card. With our solution, all you need is your bank account and mobile device.

Banks, financial institutions even mobile phone companies are spending millions on developing secure ways to transmit payment information between the merchant and the payment processors. But still they are being hacked, financial information is still compromised and customers are forced to share payment information with merchants.

Wallettec’s solution solves this, with our solution no payment information is ever transmitted between the merchant and the payment processor. Neither the merchant nor Wallettec will ever know who the customer is or what payment process the customer used. The only way to secure payment information is never to share it and Wallettec made that possible.

Although Wallettec can be seen as a payments aggregator the Wallettec payment process is a convenient and secure way of accepting payments benefitting the merchant, customer and payments provider.

Wallettec was founded in 2013 and is currently operating in more than 7 countries all over Africa, integrated into more than 20 African banks.

CANADA

  • In Canada Wallettec is mostly working with companies offering international remittance between Canada and Africa.

AFRICA

  • In Kenya, Ghana, Nigeria and the DRC we work with local merchants and banks to do Mobile Money to Bank payments. Allowing merchants to accept payments from ANY mobile money account directly into his bank account without the need to have any mobile money account.

  • In Namibia and South Africa we do mobile money and mobile payments integrations between the providers and the POS systems, E-Commerce and M-Commerce websites.

  • In Kenya, Ghana, Uganda we work with local banks and mobile money providers to enable users to effortlessly transfer money from any bank account into any mobile money account.

Johan Meyer, Founder @johandmeyer

Johan started his career in software development in 1999. During the initial stage of his career, he gained substantial experience in the banking and financial service industry at Merrill Lynch, Bank of England, Standard Bank and First National Bank. He then switched to telephony at Intec Telecom Systems and in 2004 decided to dedicate his focus to the mobile and banking industry. Since then he has participated in large mobile solutions for MTV, Sony, Aljazeera, Blinko and various mobile banking systems in Africa and the USA.

  • Remittance
  • Payment aggregator
  • Mobile Payments
  • Mobile Money
  • Financial Inclusion

2013 - Wallettec was founded

2014 - We integrated BitX and BitPay onto the Wallettec platform.

2014 - Ended the year on a high note by closing integration deals in 5 African countries giving us access to M-Pesa and Airtel Money.

2015 - We filed our first patent: SYSTEM AND METHOD FOR CONDUCTING A TRANSACTION. With our patent filed Wallettec as a company shifted our focus from only mobile money focus to developing a way for merchants to accept payments bypassing the credit card rails.

2015 - We increased our footprint in Africa and started doing business in Canada.

2016 - We launched our new payment capability that enables any merchant to accept payment from any mobile money provider without knowing who the provider is directly into the merchant’s bank account.

Connect with Wallettec

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Join AlphaCode

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Member testimonials

  • Alpha Code is a phenomenal platform to network with next generation fintech players offering leading thought leadership events in a world class environment. Look forward to watching the ecosystem facilitate the next ‘Uber’ of Africa.

    Dov Girnum, CEO Merchant Capital

  • AlphaCode has been instrumental in the growth of our business. Through the club, we have met many like-minded entrepreneurs and businesses with whom we have formed strategic partnerships. The team is incredibly generous with their time and continue to give us invaluable mentorship and support.

    Annabel Dallamore, CEO Stock Shop

  • Starting a business is a daunting prospect, especially one that has a focus on an unproven and experimental technology. I have benefitted enormously from the support and wisdom I have received from AlphaCode during my time as a member.

    Lorien Gamaroff, CEO Bankymoon

  • Being located in the heart of Africa's biggest financial services hub, we have gained a lot of credibility through AlphaCode. Our customers trust our brand by association, which results in increased sales of cows.

    Ntuthuko Shezi, CEO Livestock Wealth