Question 1

What is Street Wallet and how does it work?

Accepted Answer

Street Wallet is a South African fintech platform that enables informal traders, small businesses, and corporates to accept cashless payments via QR codes on lanyard cards. Customers scan the QR code to pay using Apple Pay, Samsung Pay, SnapScan, Zapper, or Scan-To-Pay; vendors receive instant SMS confirmations, and earnings convert overnight to Standard Bank Instant Money Vouchers withdrawable at ATMs or retailers the next day.

Question 2

How much does Street Wallet cost?

Accepted Answer

Street Wallet charges a 5% transaction fee for street market vendors, with reduced rates for business-to-business partnerships and large merchant networks.

Question 3

What countries does Street Wallet operate in?

Accepted Answer

Street Wallet operates in South Africa, with launches in Cape Town and Durban, and plans to expand to Johannesburg and nationwide.

Question 4

Who is Street Wallet best suited for?

Accepted Answer

Street Wallet is best suited for informal traders like street vendors and car guards, small businesses such as restaurants, salons, or car washes, and corporates managing tips, wages, or marketing across multiple sites.

Question 5

Does Street Wallet have a plan for teams or businesses?

Accepted Answer

Yes, Street Wallet offers scalable solutions for businesses and corporates, including centralized tools for tips, wages, and marketing, plus reduced rates for business-to-business partnerships.

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