By Nkhosinathi Manyika
DeltaPay Eswatini has introduced its latest innovation in digital payment solutions at the Eswatini International Trade Fair, unveiling a new app that promises secure, seamless transactions for both personal and business use.
Adrian Koch, CEO of DeltaPay, described the app as utilizing advanced cryptographic technology to safeguard users’ funds while providing an easy way to pay and receive money through QR codes.
Koch stated that the app is still in Beta under the regulation of the Central Bank of Eswatini’s regulatory controlled environment (sandbox) and is currently being tested and frequently updated.
During the Trade Fair, Koch explained that the operations of the app are for local payments in Eswatini. Payments can be between merchants and clients or individuals. DeltaPay is actively collaborating with major players in the local financial ecosystem, including local fintechs and local banks.
Koch also revealed that DeltaPay expects to integrate with other payment platforms like Eswatini Mobile’s E-mali and Instacash, to name a few; betting platforms like MulaSport and 8Bet were also revealed to be in the pipeline for integration.
One of the app’s standout features is its user-friendly interface, designed for simplicity and convenience. To make a payment, users simply scan a QR code, and the transaction is completed instantly, which is by far a convenient and innovative way to do digital payments in this era, over the standard USSD platform which is widely known.
The app caters to both personal and business accounts, each with specific wallet limits. Personal accounts, during the beta, currently have a limit of E4,000 for daily transactions and withdrawals, with a monthly limit of E25,000. Business accounts, on the other hand, are customised based on the specific needs of each business, providing flexibility in managing larger transactions.
Koch concluded by stating that the app is designed to offer optimum security since it uses cryptographic technology which is a cutting-edge method of securing information and communications, while also being backed by blockchain technology which is mainly known for its robust nature when it comes to securing transactions which ensures protection from scammers.