MTN's Oltio inks mobile payment deal with PayU

Friday 30 March 2012 | 12:33 CET | News
Standard Bank and MTN joint venture Oltio has joined forces with PayU to bring debit card payments to consumers through Oltio's payD mobile payment facility. PayD removes a significant obstacle to the mainstream adoption of e-commerce in South Africa by transforming a user's mobile phone into a remote point of sale (POS) device, using debit or credit cards for payments. PayU currently processes 65 percent of all online payments in South Africa for brands such as Kalahari.com and Netflorist, but is currently only available to customers with credit cards. Dave Parratt, Oltio's head of new

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Categories: Mobile & Wireless
Companies: MTN South Africa
Countries: South Africa
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