News

Nedbank mobile app provides all-in-one payments through MasterCard, Entersekt partnership

August 3, 2018

MasterCard and Entersekt are collaborating to enable Nedbank customers in South Africa to make QR payments to merchants and billers who accept Masterpass, Pay@, SnapScan and Zapper through the Nedbank Money app, whether they are paying online or at a physical point of presence.

According to a press release, this "market-first" development means that Nedbank Money users need just one smartphone app for all of the major domestic scan-to-pay services — a combined footprint of more than 100,000 retail points of presence and 800 billers.

Ove the past year-and-a-half, MasterCard has enabled Zapper and SnapScan vendors to accept Masterpass payments, and has enabled Masterpass merchants to accept Zapper and SnapScan payments.

"The enablement of Masterpass scan-to-pay capability within the Nedbank application represents yet another important milestone in the digital payment convergence journey," Mark Elliott, division president MasterCard Southern Africa, said in the release. "It furthers our goal of driving interoperability across the payments ecosystem, so that consumers can pay securely and conveniently anywhere and with any card from a single app on their smartphones."