ZAZOO sponsors R1 Million worth of VCpay vouchers for Microsoft Lumia 535 Cell C contract subscribers

 In In the Press

ZAZOO sponsors R1 million worth of VCpay vouchers available to consumers choosing the new Microsoft Lumia 535 on a Cell C contract

ZAZOO, a business unit of Net 1 UEPS Technologies, Inc. (“Net1“, Nasdaq: UEPS; JSE: NT1), today announced that it has collaborated with Microsoft and Cell C to sponsor a R250 VCpayTM voucher to consumers that purchase the new Microsoft Lumia 535 on a Cell C contract. The new device is available on Cell C’s talk and data contracts from February 1, 2015, and an initial batch will be packaged with the VCpayTM voucher for new owners to use in completing a purchase of their choice when using the VCpayTM service.

VCpayTM is a mobile application developed around Net1’s patented Mobile Virtual Card (“MVC”) technology which enables mobile devices to generate virtual MasterCards completely offline and without access to a mobile phone network. Users activate VCpayTM by following a simple over-the-air registration process and linking the application to any number of funding options: from credit cards, to EFTs, to direct top-ups and more.

The application allows users to generate anonymous, unique virtual payment cards that can be used for online purchases, or in brick-and-mortar retailers that accept manual Card Not Present (“CNP”) payments. Users can also send the virtual card to friends or family far away via channels such as email, SMS, MMS and WhatsApp, making it simpler than ever before to send money to third parties.

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“The VCpayTM card generation process occurs offline and does not disclose any personal financial information, therefore providing increased privacy and protection from identity theft, as well as an online payment option for those who do not have access to a physical plastic card,” says Philip Belamant, Managing Director of ZAZOO. “A single-use MVC is created for a specific amount, making online transacting even more secure. Once the MVC is used to make a purchase it expires and cannot be used again.”

“Given the growth of e-commerce in South Africa, and the corresponding lack of secure payment options, we believe the time is right for the VCpayTM  offering and look forward to collaborating with Cell C and Microsoft”, states Belamant.

“VCPayTM gives Cell C another opportunity to provide our customers with more value, and offer them a safe, simple and effective answer to the challenges presented by carrying cash – or even carrying a wallet that holds payment cards,” says Cell C Chief Commercial Officer, Ernst Fonternel. “We are delighted to give Cell C customers taking out contracts with the Microsoft Lumia 535 the first opportunity to enjoy the benefits of VCPayTM, as well as R250 to spend on an item of their choice, at an online retailer of their choice.”

VCpayTM also enables customers to purchase apps from App stores directly and securely, adding convenience, accessibility and ease of use to its list of salient features.

“The Microsoft Lumia 535 offers five great integrated Microsoft experiences, a wide-angle 5 megapixel front facing camera, and a spacious 5 inch display all for an affordable price,” says Patrick Henchie, head of product for Microsoft Mobile Device Sales, Sub-Saharan Africa. “The Lumia 535 helps people do more of what they want, for less, and the additional benefit offered with the VCpayTM application means a lot of added value for our customers.”

VCpayTM is the first of its kind in South Africa as it is truly interoperable and does not require merchants to change the way in which payments are accepted online. It bridges the electronic payment requirement gap, and gives the ability to anyone looking to make online payments an immediate, safe and secure way to do so.

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