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News Room

Hassle-Free Payments With Absa and walletdoc

Compare Guru
2016-10-10
Absa has announced their partnership with walletdoc, a fintech startup. We look into the features and workings of this app.

Absa has partnered with walletdoc, a South African fintech startup. walletdoc offers users a smart, secure and convenient way to pay their bills without the tedious filing and administration normally associated with payments. These include monthly subscriptions and utilities.

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Features of walletdoc

walletdoc pay screen

The main aim of walletdoc is to provide a hassle-free experience for users. Features of this new, innovative payment solution include:

  • Notifications when your bills arrive
  • Reminders when bill payments are due
  • Ability to pay your bills with your credit card
  • Takes care of account and reference numbers
  • Ensures billers always receive reconciled payments
  • Your bills and payment history are digitally stored for future reference

“Partnering with a sophisticated bank such as Absa required us to invest in a comprehensive and robust suite of information-protection measures. Data is fully encrypted and mobile transactions use either fingerprint or PIN authentication. This makes it safe for users to pay their bills anytime, anywhere and on-the-go,” says Leonard Shenker, joint CEO of walletdoc.

Additional Rewards

Absa Rewards customers will earn cash rewards every time they use walletdoc to pay their monthly accounts. They can spend these in any way they like. While the bank will be marketing the local startup’s payment platform to its consumer card customer base, anyone can use the solution whether they are an Absa client or not. All Visa, MasterCard and Diners Club cardholders also earn qualifying card rewards.

walletdoc also partnered with EasyPay, an independent service that facilitates the payment of accounts and is linked to an extensive network of over 400 of South Africa’s largest billers including municipalities, Eskom and Telkom. walletdoc assists these billers to send bills and collect payment securely, reliably and quickly. A list of walletdoc’s supported billers can be found here.

How To Use walletdoc

walletdoc home screen

You can sign up now and get your own walletdoc email address. Get your billers to send your bills to this email address or forward your bills to your walletdoc address. Your bill is processed by walletdoc and is ready for payment. Payment can be made in full or in part and can even be scheduled for a future date.

If you wish to pay your bills using this platform, you can access walletdoc by navigating to www.walletdoc.com. Alternatively, you can download the walletdoc App on Google Play or the App Store.

The Era of Digital Banking

walletdoc is a gold member of AlphaCode, a club for fintech startup entrepreneurs. Head of AlphaCode, Dominique Collett, said the following:

“walletdoc is an example of a fintech company solving a real pain point for a customer. The partnership with Absa also highlights the importance of banks working with fintechs. By bringing together the innovative thinking offered by walletdoc and the trust and distribution offered by an established bank, the customer is ultimately the winner”.

The partnership with walletdoc is another example of how Absa is collaborating with entrepreneurs and start-up companies to bring innovative solutions to customers.

Willie van Zyl, head of card issuing at Absa explains:

“The global banking industry is faced with an ever-changing landscape as customers opt to migrate to digital channels. We are seeing a huge change in the way our customers pay for products and services and walletdoc is another step forward in our mobile banking journey. Using walletdoc is hassle-free and easy and we encourage our customers to get on board. We have piloted walletdoc with some of our clients and they have been delighted by the simplicity of this innovative solution”.

CLICK BELOW to apply for a personal loan in 3 simple steps: 1) Fill in your details 2) Receive a call to confirm your details 3) Submit the necessary paperwork.

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