payD is a the new way of shopping on the web using your PIN-based bank card and mobile phone. Recognised as a standard method of payment across South Africa, payD is leading the way with its AMT (Authenticated Mobile Transaction) technology, turning your mobile phone into a secure* pay point device. The payD system is all about simplicity, convenience and security. Registration is automatic (the first time you use payD, your PIN-based debit, credit or cheque card is safely linked to your MTN or Vodacom SIM card). Your details are then securely encrypted, which means that all you’ll need for future transactions is your mobile phone and your card PIN. Upon checkout, the shopper selects the payD payment option and enters the mobile phone number, followed by the card number and expiry date. Then payment is confirmed by entering the 3 digit security code (CVV) and the personal PIN on the mobile phone. The shoppers receives confirmation on the websites payment confirmation page.
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E-wallets will equal cards as the most popular payment method globally.
In 2012, $295 billion was processed through e-wallet payments. This is set to rise to $1,656 billion by 2017.
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payD is a the new way of shopping on the web using your PIN-based bank card and mobile phone. Recognised as a standard method of payment across South Africa, payD is leading the way with its AMT (Authenticated Mobile Transaction) technology, turning your mobile phone into a secure* pay point device. The payD system is all about simplicity, convenience and security. Registration is automatic (the first time you use payD, your PIN-based debit, credit or cheque card is safely linked to your MTN or Vodacom SIM card). Your details are then securely encrypted, which means that all you’ll need for future transactions is your mobile phone and your card PIN. Upon checkout, the shopper selects the payD payment option and enters the mobile phone number, followed by the card number and expiry date. Then payment is confirmed by entering the 3 digit security code (CVV) and the personal PIN on the mobile phone. The shoppers receives confirmation on the websites payment confirmation page.
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