"In the US we witnessed the huge growth in payment methods and how easy it was to pay people. So we developed Slide - a safe, simple and free way of sending money from one person to another using a mobile phone. Making a payment is as easy as sending a message. It saves you having to carry cash or knowing someone's bank account details. It also doesn’t matter which bank or mobile network operator the sender or receiver uses. Slide is ideal for parents sending money to their children and for sharing costs like rent, concert tickets or a restaurant bill. A worker who wants to send money to his family within SA can now do it at no cost.”
“As Slide is a social payment mechanism, payments between contacts are as easy as sending a message. It really is the easiest way to pay another person, and as there’s nothing quite like it in South Africa, we expect rapid growth.”
"When you send money to someone who does not have the app, they will receive a text message or an email, prompting them to download the app. Once they download the app, they will be credited the money," explains co-founder, Terence Goldberg.Goldberg also reiterates that for the majority of people the transaction will be free for both people.
"Slide does not charge any fees at all. Users with some banks might be charged an EFT fee by their bank when sending money into the app."Once payment has been made, the recipient can expect to receive the money, if not there and then, then within one business day. This all depends on the bank.