How often have you had to make a quick payment to someone, only to go through the entire process of having to request banking details, and then paying banking fees that sometimes seem unfair for the amount that is being transferred from your account to theirs?
The runner-up at this year’s Seedstars World, a competition for seed-stage startups in emerging markets, has provided South Africans with an effortless way of settling payments, without even needing the banking details of the recipients they want to transfer money to. You read that right – Slide is arguably the easiest way of making payments on the local market today.
Slide is a mobile app that is compatible with all South African banks. It allows users to instantaneously transfer money to anyone for free, provided that you have an email address or cellphone number for the recipient. Banking details aren’t required to make payments, and transactions are free. Up to R2000 a day or R5000 a month can be transferred with Slide, and transactions are processed using instant EFT. A peer-to-peer money transfer is completely free via the Slide app.
Upon downloading the app for Android or iOS, users register their profile. The only requirement for creating a profile is that a user must have a valid South African cellphone number. Money is then sent to the app via a pre-loaded Visa or MasterCard credit, cheque or debit card card, or via an EFTsecure facility. Transactions automatically reflect in the user’s Slide wallet for transfer to recipients of local South African banks, and users can cash out the amount in their Slide wallet at any stage.
Recipients will receive transfers instantly, and are only required to have an email address or valid South African cellphone number. Slide transactions are secured with EFTsecure’s Comodo SSL encryption, and no online banking details are stored on Slide or EFTsecure. Transactions are fully encrypted, and all information is encrypted, stored and protected on secure servers.
Touted as an easy way to send money to friends and family, Slide is convenient, instant and secure, and users can send money to others with complete peace of mind, and without the hassle of traditional online banking transfers, at no cost to the user or recipient.