We're excited to partner with Absa Group to launch Absa Pay. Absa Pay is designed to enhance the payment experience by leveraging the power of open banking. This collaboration encapsulates our commitment to providing secure, efficient, and accessible payment solutions. With Absa Pay, consumers can enjoy seamless transactions with enhanced security, and experience the simplicity of logging in with just their mobile number, resulting in faster payment completions. For our merchants, this means guaranteed settlements, daily aggregation, and access to over 11 million Absa users. It’s time to embrace the future of digital transactions with Absa Pay. Find out more here: https://lnkd.in/eVV_jzvu #Ozow #AbsaPay #OpenBanking #DigitalPaymentsRevolution Absa Group
Ozow
Financial Services
Cape Town, Western Cape 27,298 followers
Secure Payments. Ozow Easy, Ozow Fast and Ozow Trusted.
About us
Ozow is the future of payment as we know it. An oh-so (or Ozow) easy, automated and ultra-secure EFT solution that helps customers pay in just a few seconds, merchants can initiate Ozow payments through a variety of payment platforms, such as SMS, eCommerce, eBilling, QR Code and instore Point-of-Sale (POS). Through Ozow’s precise and secure system (that reduces the risk of charge-backs), merchants get real-time payments with instant transaction notifications and automated bank reconciliations. As no card is required for payment, their products are also more widely available, resulting in less abandoned carts, increased sales and more happy customers. Furthermore, merchants enjoy transaction fees as low as 1,5%, with no monthly costs, setup fees, or minimum charges, enabling them to save their money. As an added bonus, merchants processing up to R1m per month can use Ozow for free in their first year, no strings attached. Ozow is committed to financial inclusion on a continent where many people are disenfranchised by a lack of payments options. Furthermore, Ozow is committed to making it affordable for smaller businesses to take their trade to a wider audience, and to ensure that if traditional payment methods are unavailable, merchants don’t suffer. To date, Ozow has processed over a billion transactions, and has processed a combined value exceeding R5 billion. Ozow is bringing commerce to a wider audience, promoting financial inclusion and innovating for our customers. Paying with us is Ozow easy, Ozow fast and Ozow trusted!
- Website
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http://www.ozow.com
External link for Ozow
- Industry
- Financial Services
- Company size
- 51-200 employees
- Headquarters
- Cape Town, Western Cape
- Type
- Privately Held
- Founded
- 2014
- Specialties
- Payment Processes, 4IR, Automated EFT, Secure Payments, Online Payments, Security, Digital Banking, Digital Payments, Instant EFT, eCommerce, eBilling, POS, QR Code, Mobile SMS, and Email
Locations
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Primary
Get directions
5 Buitengracht Street
10th Floor, Portside Building
Cape Town, Western Cape 8001, ZA
Employees at Ozow
Updates
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Here’s a throwback to the Absa Pay launch event, hosted in partnership with Absa Group at Ozow’s HQ in Cape Town. This celebration featured an insightful fireside chat with Thomas PAYS, CEO and Co-founder of Ozow, and Subash Sharma, Chief Digital Officer of Everyday Banking at Absa. They explored global influences impacting the evolution of payments in South Africa and the collaborative journey behind the development of Absa Pay. This was followed by a panel discussion with industry leaders, who delved into the A2A payments landscape, Absa Pay’s performance, and its effect on the future of digital transactions in South Africa. It was a truly enlightening evening that highlighted the power of collaboration and innovation in the financial sector. A big thank you to all who attended and participated in the discussions. Click the link if you’d like to attend our upcoming events: https://lnkd.in/eFqNPpVg #fintech #api #payments #innovation #partnership #absa #ozow
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Listen to EBANX CEO João De Valle and Ozow CPO Lyle Eckstein explore the untapped potential of emerging markets. 🎧 Full podcast available on Spotify, YouTube, Amazon Podcasts and Apple Podcasts. #podcast #OzowOnAir #SouthAfrica #Ecommerce #fintech
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We recently caught up with EBANX CEO, João Del Valle on the Ozow-On-Air podcast, where he provided in-depth insights into the journey and future of Pix, and discussed how emerging markets present a missed opportunity for many global businesses. Brazil’s Pix has rapidly become the preferred method for real-time transactions, with over 150 million users. Key factors behind its success include mandatory bank participation, free peer-to-peer transactions, and real-time settlements. The lessons from Pix’s explosive growth offer a valuable roadmap for accelerating PayShap’s success. Find out more in our latest blog: https://lnkd.in/eQyGdG4T #payments #ozow #ebanx #pix #payshap #fintech #innovation #blog
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Integrating with Ozow has never been easier! 🚀 From simple plugins to powerful APIs, find the perfect fit for your business. Read more here: https://lnkd.in/ePdUA4fg #Ozow #Payments #Integration #API #Plugin #Ecommerce
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Account-to-account (A2A) payments have the potential to significantly enhance digital and financial inclusion in South Africa by providing the underbanked population with access to formal financial services. A2A payments are projected to be the fastest-growing payment method in e-commerce and currently account for 22% of e-commerce transactions in South Africa. Recent data indicates that bank API solutions are resulting in up to 30% faster transactions and increased completion rates of up to 50%. In 2023 Real-time clearing (RTC) transactions processed over R1.7 trillion, and with PayShap handling 14 million transactions in its first year, the rapid adoption of innovative payment solutions is evident. Find out more about the future of A2A payments and its impact on digital and financial inclusion in South Africa here: https://lnkd.in/e4d6sNAs #Ozow #A2Apayments #blog #payments #fintech #inclusion #absapay #payshap #capitecpay #nedbankdirecteft
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Ozow’s CEO and Co-founder, Thomas PAYS, recently shared insights on maintaining mental resilience in business on The Founder Files podcast. 🎙️✨ He discussed the challenges of running a business and strategies to prevent burnout, emphasizing the importance of a good fitness routine and fostering a health-positive environment for optimal team performance. Listen to the full episode here: https://lnkd.in/dDdXRZcK #CEO #Insights #Leadership #Wellbeing #Podcast #Ozow #entreprenurship
Running a business can be extremely mentally taxing. In the toughest times it can push us to burnout and meltdowns. But, to avoid this, Thomas PAYS says having a good fitness routine will allow you to keep pushing when things get intense. But it doesn't stop at you. Developing a health positive environment means your employees are at their best mentally and physically, and can be their most efficient selves in the work place. Tune in to The Founder Files for more valuable tips: linktr.ee/thefounderfiles
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On the latest episode of the Ozow-On-Air podcast, we are joined by Sheldon Tatchell, the founder of Legends Barbershop—South Africa’s number 1 rated barbershop. Starting out by cutting hair on his cousin’s stoep, Legends has since expanded into a flourishing franchise with over 70 stores, 630 barbers, a successful haircare line, and a barber school that nurtures the next generation of haircare professionals. Recently celebrating its 10th anniversary, Legends Barber is geared up for its next phase of growth, aiming for over 200 shops and R1 billion in sales. This episode delves into Sheldon’s journey and the story of how Legends Barber became a R500 million business. Discover how his entrepreneurial drive led him to success and built a legendary barbershop empire. Listen to the Ozow-On-Air podcast here: Spotify: https://lnkd.in/ecsXgNi4 Apple Podcasts: https://lnkd.in/eucxS3hd Amazon Podcasts: https://lnkd.in/erBKZGUU #ozowonair #podcast #payments #entrepreneurship #legendsbarbershop
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Last night, Ozow and Absa Group co-hosted a special event to launch Absa Pay, marking a significant milestone in the evolution of digital payments in South Africa! 🚀 The evening began with an insightful fireside chat between our visionary leaders, Thomas PAYS, CEO and Co-founder of Ozow, and Subash Sharma, Chief Digital Officer of Everyday Banking at Absa. They delved into the evolution of payments in South Africa, discussing global influences and the collaborative journey behind Absa Pay. Following the fireside chat, we hosted a dynamic panel discussion featuring: Clyde Oldham, CIO for Absa Digital Coenie L., Head of Technical Operations at Ozow Deven Moodley, Executive Head: Financial Services | VAS | Mobile at Pick n Pay Paul Harris, Senior Vice President for South Africa at Flutterwave Thomas PAYS, Co-founder and CEO at Ozow The panel explored the A2A payments landscape, the performance and security of Absa Pay, its impact on financial inclusion, and the future of digital transactions in South Africa. The event concluded with a fantastic opportunity to connect and network with key industry players, fostering greater collaboration and innovation. A big thank you to the Absa team for partnering with us and making this event possible. And, of course, thank you to our valued merchants and partners who continue to support Ozow as we revolutionise the payments landscape in South Africa. #AbsaPayLaunch #DigitalPayments #FinancialInclusion #Innovation #Networking #Ozow #Absa
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