Verashni Pillay Cape Town - Credit cards may be a thing of the past after the launch of a new cellphone-based payment method in Cape Town on Friday. Wiwallet, started by Bevan Ducasse last year, encrypts card details onto cellphones and allows consumers to pay at retail outlets simply by punching in their cellphone number. Ducasse, a young entrepreneur with a background in mobile and retail, cottoned onto the idea after getting tired of his bulky wallet and numerous cards. "It's the first of its kind in the world that I've seen of making payments like this," said Ducasse, 24. Bank consultants approve each retail partner that comes on board with the new payment method, which also has PCI compliance - Visa and MasterCard certified security. Security assured All card information is encrypted onto a user's cellphone once the...
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