Stitch, a payments service provider that offers a single, powerful and reliable API built on direct integrations with multiple banks and networks across South Africa, has launched a no-code payments solution, known as “WigWag”, for small businesses.
As Stitch solidifies its focus on building solutions for enterprise businesses with complex payment needs, the company realized it was only solving part of the payments problem, which spurred it to roll out WigWag.
The launch of WigWag will enable small and growing businesses to begin the acceptance of local and international card payments in minutes, without the need for a website or developer resources.
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All that they simply need to do is to send a unique payment link to customers in a chat or email. Customers open it, put in their card details, and make payments.
Speaking on the launch of WigWag, the company’s product manager, Danielle Laity said,
“At Stitch, we realize payments aren’t one size fits all. Small businesses require access to simple, out-of-the-box tools that can make it easier and faster to collect payments. We created WigWag specifically with these small business clients in mind. Now anyone can have access to reliable payments, powered by Stitch API, and offer their customers a truly seamless experience”.
With WigWag, growing businesses can accept local and international card payments, without a website, developers, or even a POS machine. They can simply tell customers “WigWag me!” and send a unique payment link in any chat or via email.
Businesses can track pending payments and reconcile all transactions via the dashboard. They can also easily collect delivery details as part of the payment process, to track where they need to send goods upon payment.
Every month, these businesses receive an invoice from WigWag. The invoice is a summary of their past months on the platform. The invoice provides details on; The total payments received each day, The processing fees charged, The VAT on those fees, and Payouts businesses made to themselves.
Transactions on WigWag are safe and secure, as all transactions are made through the platform 3D-secure, which requires customers to do a multi-factor Authentication (MFA) to complete a purchase.
Founded in February 2021, Stitch is a payments infrastructure company that helps businesses scale faster, and operate more efficiently.
The Stitch payments API and tools reduce the effort required for businesses across sectors to connect to the financial system and deliver delightful experiences for their users.
The startup has raised a total of US$27 million in Funding and has offices in Cape Town, Johannesburg, and Lagos.
Stitch is backed by leading investment firms, such as 500 Global, RaliCap, Future Africa Fund, first-minute capital, CRE Venture capital, PayPal ventures, and Village Global, amongst other founders and early builders from some of the most successful fintech companies in the world.