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Technology

Shoprite Launches Shoprite Money Bulk Payment Service

South Africa-based retailer Shoprite has launched a new service, Shoprite Money, which enables users to make bulk payments such as staff salaries through the use of a mobile wallet.

The Shoprite Money service enables customers to deposit, withdraw or send money as well as buy groceries at any checkout in the group’s Shoprite, Checkers, Checkers Hyper and Usave stores.

Users can also buy phone credit and pay household bills using the service.

Shoprite Money launched on an initial basis in May, and already boasts more than 100,000 registered account holders.

Easier Access

‘Shoprite Money is assisting businesses with their payroll needs and giving employees easier access to their salaries,’ the company said.

Businesses using the service have a transfer limit of R5,000 per day, while the monthly limit per receiver is R25,000.

All transactions are free, with the exception of a R9.95 fee that applies to cash withdrawals.

In August, Shoprite reported flat like-for-like full year sales, with sales at its South African operations rising by 1.9%.

© 2018 European Supermarket Magazine – your source for the latest retail news. Article by Stephen Wynne-Jones. Click subscribe to sign up to ESM: European Supermarket Magazine.

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