PayGate has signed a partnership deal with Trans Africa Solutions on a system dubbed SCode, which allows consumers to pay with electronic barcode invoices.
Until now Barcoded invoices – generated on partner e-commerce websites when shoppers buy something online – have been the exclusive domain of large companies.
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Trans Africa’s patented smart code product SCode is currently accepted by a network of retailers including OK, Shoprite, Checkers, Checkers Hyper, House & Home, USave and all post office outlets, with plans to add large retail chains in early 2016.
The PayGate-SCode solution enables for automatic reconciliation thereby streamlining the transaction process for merchants. It can be added by the merchant without any additional development.
PayGate is planning to expand the SCode solution into further African markets.
PayGate head of business development Brendon Williamson said: "SCode’s revolutionary solution will allow even the smallest businesses selling online to generate electronic barcode invoices using all internet platforms, for goods or services being purchased.
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By GlobalData"It also enables the large number of consumers who prefer to use cash, or who don’t have bank cards, to make payment for online purchases – solving the challenge for both the consumer and the retailer."
