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Gold Member, Payments


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.


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

Are you ready to take your fintech business to the next level?Join the growing network of fintech disruptors shaping the future of our industry.

  • Green


    Green membership is available to aspiring financial services entrepreneurs, intrapreneurs and service providers.

    • Monthly newsletter with key industry insights, trends and news
    • Access to open networking events hosted at AlphaCode
    Join now
  • Gold


    Our gold membership is open to financial services founders and co­founders with a full-time commitment to their businesses.

    • Access to our co­-working office space in Sandton
    • Business support services
    • Access to exclusive networking events & hosted dinners
    • Acceleration and incubation support
    • Informal mentorship from the RMIH investment team
    • Exclusive applications to competitions and conferences
    • Access to AlphaCode vetted service providers
    • Exposure to commercial opportunities
  • Platinum


    Offered to high­ potential BBBEE businesses that have received enterprise development funding.

    • Free semi­-private office space for 6 months in Sandton
    • Business support services
    • Informal mentorship from the RMIH investment team
    • Access to exclusive networking events & hosted dinners
    • Exclusive applications to competitions and conferences
    • Acceleration and incubation support
    • Access to AlphaCode vetted service providers
    • Exposure to commercial opportunities within and outside the portfolio companies
  • Diamond


    Offered by invitation only to businesses which have received growth capital investment from RMIH.

    • Receive growth capital investment from RMIH
    • Access to a co-­working office space in Sandton
    • Business support services
    • Access to exclusive networking events & hosted dinners
    • Formal mentorship from the RMIH investment team
    • Exclusive applications to competitions
    • Access to AlphaCode vetted service providers
    • Exposure to commercial opportunities within and outside the portfolio companies
    • Exclusive applications to competitions and conferences

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

  • 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

  • AlphaCode is without a doubt the premium fintech and startup community in South Africa providing many learning, growth and network opportunities and an environment which adds concrete value to us

    Schalk Nolte, Founder Entersekt

  • Slide is now well on the way to causing significant disruption in the South African fintech sector. We would not have been able to break into the South African market so rapidly without the help provided by AlphaCode.

    Alon Stern, Founder Slide

  • AlphaCode has been instrumental in providing a platform for us to access industry thought leaders, networks, working space, coaching and ultimately the opportunity to pitch to global multi-nationals and secure funding that very few startups get to land in their first year.

    Priya Mistry, Founder CommuScore

  • 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 StriderTech