InstaPay App Design Is the Cardless Revolution You’ve Been Waiting For
Digital wallets have really taken off in years behind us. And with good reason. Compared to their initial launch when they’ve been considered a fad, a passing storm in the world of global transactions and the crypto market, they’ve become much safer and more convenient.
Nowadays, eWallets pride themselves on faster operation features and unparalleled security. The choices are plentiful but which one of them reigns supreme?
Look no further than InstaPay, a proficiently developed South African eWallet application that guarantees you quick access to your various bank accounts with the use of your smartphone.
It facilitates payments from bank account/s at any of the five major banks in South Africa, namely ABSA, FNB, Standard Bank, Nedbank, as well as Capitec.
And what’s better than secure and instant electronic funds transfers? Leaving your actual wallet at home without a worry in the world, of course.
Designed by A3logics, custom software development veterans, InstaPay allows users to:
- Pay for goods and services via pay points
- Pay for goods and services provided by small or informal businesses and self-employed individuals
- Transfer money to other CHIPS eWallet users including dependents, family, friends and more
To receive money through InstaPay, you need to download the CHIPS eWallet app from the relevant App store and register as a user by following the process available on the app itself. And what are CHIPS, you ask?
CHIPS are digital tokens that derive their name from chips used as a substitute for money. CHIPS users can exchange money for chips and then use their chips to exchange value. At any time, the CHIPS in the users’ eWallet can be exchanged for money.
When you exchange your money for CHIPS, your funds are deposited into a secure and regulated Value Store account. Simultaneously, the equivalent value in CHIPS is made available in your CHIPS eWallet, where it can be used for real-time peer-to-peer transactions.