During the soft launch of its digital payment platform MoyaPayD, Datafree has amassed as much as 100 000 registered users on its platform.
This makes MoyaPayD one of the fastest growing applications in South Africa and for the unbanked it might be a useful alternative to traditional banking.
MoyaPayD allows for transfers to a wallet held by a user from Capitec, Standard Bank, Absa, FNB, Nedbank, RMB, Zapper, SPOT Money and MoyaPayD itself. EFT transfers are also supported.
“MoyaPayD is the next step in the evolution of services to this vital market and opens the opportunities for users to engage with services they would have traditionally had to pay cash for,” says Datafree chief executive officer, Gour Lentell.
However, MoyaPayD isn’t only for the unbanked. The app allows you to send money to another user by way of their specific QR code. This could make things like tipping delivery drivers and waitrons a lot better as the money would go directly to them rather than through third parties first. We’re downloading the app right now specifically for that purpose.
The best part of the app is that MoyaPayD doesn’t require airtime or data. There are some fees associated with some transactions but when purchasing airtime, electricity or even paying a DStv account, there are no transaction fees.
You can find a full fee breakdown here.
“Similar to the WeChat model in China, MoyaPayD brings a new dimension to Moya giving users a fully integrated and digitally inclusive way to interact with the services they need, without having to leave the application,” explains Lentell.
You should also start seeing more of Moya soon.
“The marketplace for merchant sales is a key priority for us at the moment, with a large focus on opening up the marketplace on Moya to make it easier for anyone to be a part of the app. We will be adding merchant services so that businesses can pay employees within Moya or get paid through Moya,” Lentell adds.