Recent studies have shown that South Africa has one of the highest mobile banking user rates. The rapid uptake of mobile banking by the previously unbanked market in the country has created a number of opportunities for various lenders and financial institutions to tap into this sector.
With rapid advancements in technology the mobile banking sector is set to grow at a fast rate throughout the African continent.
What is Hello Paisa?
This is a mobile service that helps you make cash transactions with people from countries all over the world.
The mobile service is a quicker, safer, cheaper, legal way of sending cash. A simple product that allows you to do it all, it provides a simple solution for sending cash without any hassles.
How it works:
You sign up for the service using your valid South African ID, proof of residence (such as a water or lights bill, bank statement or valid SA TV licence).
You the add a recipient
- Place an order
- Make payment
- Collect cash
The Hello Paisa Android App is available on the Google Play Store. Users can also use the Free USSD *130*43556# option.
Tell me more about the process?
Hello Paisa ensures that it takes no more than 24 hours to receive funds. The minimum limit for a transaction is R500 excluding fees or charges. The maximum amount that can be sent per day is R5000, while the most you can send per month is R25 000.
Where you can pay for transactions:
- Pick n Pay
- Pep Cell
- Hello Store
Where is the Hello store located?
No 9 Mint Road, Fordsburg, Johannesburg
To contact Hello Paisa you can call their call centre between 7am and 6pm during the week and between 9am and 1pm on Saturdays, on: 011 057 7047 or 0861 888 880
Visit their website here: www.hellopaisa.co.za