Virgin Money launches peer-to-peer payment app in South Africa
Virgin Money which is a registered financial services provider just launched a peer-to-peer payment application, Virgin Money Spot.
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Virgin Money Spot makes sending and receiving money from friends very easy. Users can download the app, link their Internet-enabled card from any South African bank, enter a security PIN and exchange money with friends – instantly, securely and for free, the company said.
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If a user’s card is linked to a bank’s rewards programme, they will earn points for payments made via Virgin Money Spot, as if they were using their card.
Also all Virgin Money Spot user is issued with a unique code that they can use to refer friends. This is more like an affiliate link. Once anyone registers with this code, they’ll both be rewarded with R20 from Virgin Money.
Virgin Money Spot is a 3D Secure payment solution that uses data encryption and PIN-protected payments to provide the simplest, safest and most secure experience possible. Users will only need to load their card details once and will then approve transactions with their unique PIN.
They’ll receive notifications each time they make a transaction or are sent money.
Spot was developed in partnership with mobile software company, wiGroup. We pray this app cures the sorrows caused by Mylifechange247.
The app has recorded over 5000 installations on google play with many positive reviews.