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+ | Just how secure is your cloud database?

In the second episode of this series about migrating to Microsoft Azure SQL, the focus turns to what’s involved in moving from SQL Server to Azure SQL, and First Distribution’s Preegan Chetty returns to unpack the key priority of securing databases in the cloud. If you missed episode 1 in…
19 Dec 2024 12 min

TCS+ | Moving from SQL Server to Azure SQL – what you need to know

Is your company thinking about modernising its IT infrastructure? Is it planning to migrate from an on-premises Microsoft SQL Server database to the cloud-based Azure SQL solution? Then this podcast is for you. In this two-part series, we delve into greater detail on what’s involved in a cloud database migration…
18 Dec 2024 14 min

TCS | Meet the team behind Matric Live, South Africa’s App of the Year

Matric Live is a study tool to help students in grades 10-12 supplement their in-class learning with additional exercises – and even get exam practice via a digital platform. And it recently won the FNB App of the Year award amid stiff competition from the likes of Checkers Sixty60 and…
18 Dec 2024 27 min

TCS+ | Bolt doubling down on safety for riders and drivers

The operating environment in South Africa for ride-hailing services like Bolt is fraught with complexity, while the country’s crime problem only contributes to the challenge of getting passengers safely from A to B. This complexity is compounded by the nuances of operating in different areas. Municipal districts have different permitting…
17 Dec 2024 13 min

TCS | Springboks rugby deal: the tech plan behind the audacious bid

Well-known South African technology entrepreneur Stafford Masie is one of the key backers behind an audacious bid to buy a stake of up to 40% in the South African Rugby Union (Saru)-owned entity that owns the commercial rights to the Springboks brand. Masie, who chairs JSE-listed Altvest Capital – a…
12 Dec 2024 49 min