Integrate the rail, or run your own wallet on it.
We help cash-intensive corporates reduce their costs. The rail takes the collection leg of cash off your stores and depots, so the counting, float, cash-in-transit, deposit-fee and shrinkage lines shrink, without changing what your customer experiences or replacing the payment infrastructure you already run.
Two routes
An enterprise can integrate its points of sale through the platform's API and accept payments from any wallet on the rail, as a sub-wallet of the SommaRedde wallet, with no licence and no sponsoring bank of its own. Or it can run its own branded wallet on the platform, with its own licence, its own pool account and its own sponsoring bank, and full access to and control of its customer transaction data.
Some enter as a sub-wallet and grow into their own wallet as volumes prove out. Others want their own wallet from the outset. Both routes are open from day one.
| Ten key functions | Integration only | With own wallet |
|---|---|---|
| Enterprise-level system in all points of sale | Yes | Yes |
| Improved data quality for analytics and decisions | Yes, sub-wallet view | Yes, full view of your customer |
| Receive payments from any wallet on the platform | Yes | Yes |
| Make payments to any wallet on the platform | Yes | Yes |
| Bulk payments, for example salaries into employee wallets | Yes | Yes |
| Make payments to any bank | Yes | Yes |
| Branding and marketing | SommaRedde only | Your brand |
| Access to and control of customer transaction data | SommaRedde only | Yours |
| Registration as a payment service provider | Not required | Yes |
| Sponsoring bank | Not required | Required |
Data
Every transaction is identified, timestamped and reconcilable, processed in line with the Protection of Personal Information Act (POPIA). You receive access to and control of your transaction data.
A working session with your finance and technology leads.
Talk to Johan Burger, Executive Director and Chief Financial Officer.
johanb@sommaredde.com