South African Company Wallettec is excited to announce a new partnership with BitPay, one of the largest Bitcoin payment processing companies and Bitcoin Payments, a South African BitPay Affiliate. This now enables Bitcoin transactions in the Wallettec system, making it instantly available to any payment system that is integrated with Wallettec. A first in South Africa!

‘Wallettec’s mission is to become a single interface point between the POS or payment solution and any mobile / e-wallet solution’, says Johan Meyer, founder of Wallettec. Wallettec is a SAAS service which allows any wallet company to interface with any payment solution or POS. We believe that by developing a single solution that will benefit all mobile wallets will not only be a good business model for us but it will improve the mobile money market in Africa and the rest of the world.

With the introduction of Bitcoin to the Wallettec system it now means we can grow Bitcoin acceptance in brick-and-mortar retail locations. This partnership provides a mechanism for ecommerce and retail merchants to easily accept Bitcoin payments. Allowing customers to pay at the POS using Bitcoin will increase merchant sales and earnings. As Bitcoin expands, merchants can earn money on Bitcoin sales and save money by reducing credit card payments. Not only will merchants increase their bottom line profits by saving on credit card fees and commission, but also eliminate the risk of credit card fraud or chargebacks.

Consumers save money by using their Bitcoins and merchants make money by paying less commission and reducing their risks.

- See more at: http://paymentsafrika.com/payment-news/online-payments/south-african-company-wallettec-is-excited-to-announce-a-new-partnership-with-bitpay/#sthash.yAr79T0E.dpuf