Sonke

Some of the most important advantages of a cashless environment would be the ever-present crime element and although very important in personal safety this is not the most important part of a Cashless society.
• Cost Reduction - Less people and physical structures i.e. banks, are required which means less costs on transacting and putting the saving on the consumer as well as the business owner.
• Risk Reduction - Lost or stolen monies will be reduced. Even loss of bank cards can easily be blocked from within a mobile application.
• Convenience - The ease of conducting financial transactions
• Transaction Speed - time when buying, selling and presenting payment can increase up to 15% and will increase even more with advances in technology
• Reducing Business Risk
• Financial inclusion - especially for the unbanked and underbanked o Attracting new consumers through discounts etc. for business owners
• Entrepreneurial growth
• International payments

To name but a few.

SONKE CASHLESS

Sonke's Cashless System was developed with years of experience in the transacting environment and is a product of thoughtful processes from top level to ground level.

Within this system we offer:
1. A Closed and/or Open loop system
2. Controlled Spend a. Only allow certain amounts to be spend at certain businesses
3. A mobile application (wallet)
a. Payment module of
i. Person to Person (P2P) and
ii. Person to Merchant (P2M)
b. consumer can manage spend
c. Reporting on spending and many other features
4. NO TRUST transacting a. Where the Business owner is concerned about the authenticity of the sale, a NO TRUST transaction is implemented whereby the business owner can request additional authentication during the transaction and vice versa
5. Contactless Visa bank cards a. can also be branded with your company logo etc.
6. Transfer of funds from ‘wallet’ onto Visa Card for ATM withdrawals and inclusion of non-participating businesses thus accommodating the consumer
7. Easy loading of funds onto your application wallet
8. Cost effective Point of Sale (POS) devices (banking terminals) a. For business owners to assist with a 360 solution where payments can always be received with highly competitive pricing models

AE SWITCH (Part of the AE Group)
A new leader in the payments industry.
We are a Payments Association of South Africa (PASA) and Payment System Stakeholder Forum (PSSF) Registered System operator with PCI DSS Compliance which enables us to Acquire Card Transactions.
As such we offer NAEDO, RTC and other payment stream services as in the usual case offered to businesses.
In addition, we are also supplying Privately branded prepaid VISA cards to our clients.
By combining solutions, we have created several client friendly applications and solutions that offers our clients the ability to do financial transactions at no cost to the consumer, pay bills, purchase prepaid airtime and electricity and many more.

Our VAS services include:
• Loyalty platforms
• All Networks Airtime
• All Municipalities electricity
• LOTTO
• Bill Payments
• Bulk SMS Solutions