PayCentral has partnered with Mastercard to launch DigiCentral, a secure online platform that provides small business owners with a simple, quick and cost-effective way of paying out incentives, rewards, gifting, corporate expenses and even salaries to their employees through a prepaid virtual card.
DigiCentral, virtual card, can be used for eCommerce and instore purchases. To complete a purchase online, DigiCentral virtual cardholders receive a 16-digit card number, security code and expiry date, which they would use much like a physical card.
It can be linked to online retail apps like Uber, Uber Eats, Checkers 60 Sixty and others.
For instore purchases, the virtual card can be loaded to any Masterpass-enabled digital wallet. Once loaded, the cardholder can use their mobile phone to scan a QR code displayed at checkout at retailers and billers that accept Masterpass payments in South Africa.
Suzanne Morel, Country Manager, Mastercard, South Africa, commented:
“Social distancing has changed the way consumers pay and they now opt for touch-free, secure, and seamless ways to pay without compromising their health and safety. This, in turn, has accelerated the demand for safe and secure virtual cards. Through our partnership with PayCentral, we can help small business owners to better meet the needs of their employees – without the costs and risks associated with cash”
Veenash Parbhoo founder of PayCentral, commented:
“A large part of our focus in South Africa is directed toward SMEs. We find that owners of smaller business need options when it comes to paying their staff as well as managing their petty cash and expenses. Working with small businesses for the past five years has allowed us to see them grow as a result of the payment products we offer”
