Zazoo, a business unit of Net 1 UEPS, has collaborated with Microsoft and Cell C to sponsor a R250 VCpay voucher for consumers buying the new Microsoft Lumia 535 on a Cell C contract.
The new device is available on Cell C’s talk and data contracts from 1 February, 2015, and an initial batch will be packaged with the VCpay voucher for new owners to use in completing a purchase of their choice when using the VCpay service.
VCpay is a mobile application developed around Net1’s patented Mobile Virtual Card (MVC) technology which enables mobile devices to generate virtual MasterCards completely offline and without access to a mobile phone network. Users activate VCpay by following a simple over-the-air registration process and linking the application to any number of funding options: from credit cards, to EFTs, to direct top-ups and more.
The application allows users to generate anonymous, unique virtual payment cards that can be used for online purchases, or in brick-and-mortar retailers that accept manual card not present (CNP) payments. Users can also send the virtual card to friends or family far away via channels such as email, SMS, MMS and WhatsApp, making it simpler than ever before to send money to third parties.
“The VCpay card generation process occurs offline and does not disclose any personal financial information, therefore providing increased privacy and protection from identity theft, as well as an online payment option for those who do not have access to a physical plastic card,” says Philip Belamant, MD of Zazoo.
“A single-use MVC is created for a specific amount, making online transacting even more secure. Once the MVC is used to make a purchase it expires and cannot be used again.”
“VCPay gives Cell C another opportunity to provide our customers with more value, and offer them a safe, simple and effective answer to the challenges presented by carrying cash – or even carrying a wallet that holds payment cards,” says Cell C chief commercial officer, Ernst Fonternel.
“We are delighted to give Cell C customers taking out contracts with the Microsoft Lumia 535 the first opportunity to enjoy the benefits of VCPay, as well as R250 to spend on an item of their choice, at an online retailer of their choice.”
