TCS | VezoPay on new South African-made payment ring

Loading player...
A new smart payment ring has been launched in South Africa – and it’s built by South Africans for South Africans.
In this episode of the TechCentral Show (TCS), TechCentral editor Duncan McLeod chats to VezoPay founders Jake Pinkus and Lawrence Baker about the launch of the ring – it’s available in three variants at launch – and what was behind the idea.
In the interview, they not only explain why they decided to build a payment ring, but also why they’re entering what could soon become a highly competitive market globally, with both Samsung Electronics and Apple expected to launch their own smart rings later this year.
Pinkus and Lawrence unpack:
• How long they’ve been working on the payment ring, and where the idea came from;
• How much research and development was involved, and who’s backing the innovation;
• How the technology works, and what exactly is inside the ring;
• The various options available at launch;
• How it works without having to be charged;
• How the security features work (without giving the game away);
• How VezoPay is working with South African banks;
• Whether the ring can be used for ticketing (concerts, Gautrain, etc);
• How much it costs;
• The potential competition from Samsung and Apple; and
• VezoPay’s plans to expand beyond South Africa’s borders.
Don’t miss the interview!
1 Jul 2024 English South Africa Technology · Business

Other recent episodes

TCS+ | Samsung unveils significant new safety feature for A-series phones

Samsung Electronics recently launched the latest line-up of its popular Galaxy A-series of midtier smartphones, with the A26, A36 and A56 replacing the older A25, A35 and A55 models. One of the most notable new features of the A-series is a curated artificial intelligence module, dubbed Awesome Intelligence, that brings…
16 Jul 18 min

TCS+ | MVNX on the opportunities in South Africa’s booming MVNO market

For years, mobile telecommunications was dominated by a handful of large operators, or MNOs. Now, with almost 30 MVNOs, or mobile virtual network operators, serving niche consumer bases in banking, retail and education, among other sectors, the MVNO market is thriving. However, brands looking to take advantage of this boom…
11 Jul 23 min

TCS | Connecting Saffas – Renier Lombard on The Lekker Network

The Lekker Network is a recently launched global business platform designed to help South African expatriates find business and investment opportunities around the world, including at home. Founded by a group of well-known businesspeople, The Lekker Network was launched in March and offers members access to a business directory, a…
7 Jul 20 min

TechCentral Nexus S0E4: Takealot’s big Post Office jobs plan

This is the fourth episode of a new podcast series curated by TechCentral’s editorial team and generated by artificial intelligence tools. It’s an experiment that’s in beta for now, but if it works well, we’ll consider making it a regular feature by launching a season 1. In this episode, we…
4 Jul 19 min

TCS+ | First Distribution on the latest and greatest cloud technologies

The pace of innovation in the cloud space is breathtaking. Gone are the days when the cloud was just about virtual machines and storage; today, it is a dynamic ecosystem, constantly introducing features that are fundamentally transforming how businesses operate, from the smallest start-ups to the largest enterprises. Preegan Chetty,…
27 Jun 11 min