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Nedbank Emerging Payments™ Provides Innovative Solutions for Business

Disruption in the financial services industry is evident in global innovations changing the way consumers and businesses engage with each other.

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Disruption in the financial services industry is evident in global innovations changing the way consumers and businesses engage with each other. This means we have to work closely with our clients, often collaboratively, to build solutions that are truly meaningful to them. In the dynamic world of franchising this can often mean coming up with simpler ways to help the business get paid or drive new customers into their stores.

The shift towards mobile payments is a huge trend at the moment. Consumers are spoilt for choice with the variety of ways to pay in physical and online stores, and through in-app purchases. We see quick response (QR) codes, contactless payments (NFC) and mobile and eCommerce solutions growing in scale as customers start shifting towards using their cellphones to make purchases.

QR codes have a massive role to play in mobile payments, with transaction information easily stored behind these two-dimensional barcodes, which simply need to be scanned to initiate a payment interaction.

In this regard Nedbank‘s partnership with Mastercard is showing great growth with the Masterpass mobile payments solution.

Related: 4 Implementable Ways You Can Manage Your Cashflow For Your Small Business

We also see the concept of omni-channel retail being a big deal, with stores that used to be limited by location, through brick and mortar, now also having eCommerce and potentially app interfaces to connect to their customers.

Alternative lending for business growth is another hot topic. In 2016 Nedbank launched GAP Access, an innovative offering that enables businesses to access cash advances to bolster their working capital. Instead of monthly lump sum repayments, the advance is reduced daily through a settlement directly from the payments received through the point-of-sale device.

These trends, along with big data and some others, are all key to the evolution of the franchise business in the new digital era.

Chris has a passion for entrepreneurship, the diverse world of payments, strategy formulation and business development. His role involves running Emerging Payments, an innovative product development environment, with a focus on the innovation happening across payments, mobile and digital platforms globally. Chris is actively involved in a number of startup businesses in both his professional and personal capacity. Click here to speak to a Nedbank franchising specialist.

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Company Posts

The Future Of Fleet Management Is Now

TomTom Telematics

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Power up your fleet management and make even smarter business decisions with the new WEBFLEET. WEBFLEET is the award-winning Software-as-a-Service fleet management solution from TomTom Telematics, designed to provide you with the data needed to help your field operations become more efficient, more productive, safer and more profitable.

An improved interface and enhanced features mean WEBFLEET is now more powerful than ever before, and can be accessed anytime, anywhere on any screen. Find everything you need to help save on fuel, maintenance and administration costs, while delivering the quality service your customers demand.

It has already delivered proven results for customers across the globe and is powered by continuous innovation, meaning it is ready to grow with you and your organisation as goals and challenges change. Discover the future of fleet management now and help give your business an edge on the competition. Request a demo and find out more at telematics.tomtom.com/webfleet/landingpages/launching-the-new-webfleet.

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Company Posts

Take The Toll Out Of Tax

Remember that degree you’ve got in taxation? Of course you don’t, because you didn’t. Your job isn’t understanding tax code – that’s ours.

QuickBooks SA

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When you connect QuickBooks to your bank, credit cards and other accounts, your transactions are automatically imported for you, helping you ensure that come tax time, your books are balanced, and every rand is accounted for.

Once you find the right QuickBooks product for your business needs on your computer, downloading the QuickBooks companion app turns your phone’s camera into an instant receipt scanner. Snap, save and store tax deductible receipts with built-in receipt scanner. Simply take a photo of a receipt and QuickBooks will attach it to the expense in your books. Plus, the scanned receipt is saved as a digital file for documentation at tax time.

Not only does the QuickBooks app come with built-in receipt scanning to help you track and organise your expenses, it can enable you to run your business with the following features:

  • Automatically sort your expenses and save over 40 hours a month
  • Easily send invoices and payment reminders directly from your mobile device, anytime anywhere
  • Imports your transactions for you so you’ll spend only minutes reconciling your accounts at the end of the month
  • Create customised reports to get important insights specific to your business

Join over 5.6 million customers globally and find the QuickBooks plan that works for your small business on www.quickbooks.co.za. Save 30% on your subscription today! Terms and conditions apply.

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Cash Flow

Backing You With Smarter Tools

Manage income, track expenses and do more with the ultimate toolkit for your small business.

QuickBooks SA

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You work too hard to work this hard. The good news is that you don’t have to break your back or the bank to run a successful business. Managing your business is easier when you’re using smarter tools with QuickBooks.

Since its launch over 20 years ago, QuickBooks has aimed to power prosperity for small businesses and the self-employed with services that help you with income management, expense tracking and more, allowing you to focus on growing your passion.

The new “Backing You” campaign extends this commitment to support small business owners through the challenges of business ownership – with a little help from Danny DeVito.

“The importance of small business is personal to me. At a young age, I watched both my parents and my sister build their own business from the ground up and struggle to balance family obligations with growing their businesses,” says DeVito.

“When Intuit QuickBooks approached me for this campaign, I felt this was a way that I could give back to this very important industry, show them how to make their lives easier and make them laugh along the way too.”

QuickBooks gives you a set of business tools that’ll do all the hard work for you, making sure you get the time to do what really matters to you. “Because collecting receipts is so 80s, and who has time to chase payments?” says Danny.

Join over 5.6 million customers globally and find the QuickBooks plan that works for your small business on www.quickbooks.co.za. Save 30% on your subscription today! Terms and conditions apply.

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