Stitch Unveils No-Code Payments Solution ‘WigWag’ for Small Businesses, South Africa

Date:

Stitch, a payments service provider operating in South Africa, has recently launched a no-code payments solution called WigWag specifically designed for small businesses. This new solution aims to provide small and growing businesses with a simple and efficient way to accept local and international card payments without the need for a website or developer resources.

With the unveiling of WigWag, small businesses can now start accepting card payments within minutes by simply sending a unique payment link to customers via chat or email. Customers can easily open the link, enter their card details, and make payments hassle-free. This solution eliminates the need for complex integrations or technical knowledge.

Danielle Laity, Stitch’s product manager, emphasized that the company understands that one size does not fit all when it comes to payments. Small businesses require easy-to-use tools that can simplify and expedite the payment process. WigWag was specifically developed with these small business clients in mind, allowing them to have access to reliable payments powered by Stitch API and offer their customers a seamless payment experience.

The convenience factor of WigWag extends beyond accepting payments without a website or developer resources. Businesses can track pending payments and reconcile transactions through the provided dashboard. Additionally, they can collect delivery details during the payment process to ensure seamless order fulfillment.

Furthermore, WigWag streamlines the invoicing process for businesses. Every month, businesses using WigWag receive an invoice summarizing their past month’s activities on the platform. The invoice provides the total payments received each day, the processing fees charged, the VAT on those fees, and the payouts the businesses made to themselves.

See also  AI Revolutionizes Small Businesses: 5 Ways SMEs Can Streamline Operations and Expand in 2023

Security is a top priority with WigWag. All transactions made through the platform are performed via 3D-secure, ensuring that customers go through a multi-factor authentication process to complete their purchases. This adds an extra layer of protection for both businesses and their customers.

Stitch, established in February 2021, is a payments infrastructure company that aims to help businesses scale faster and operate more efficiently. The company’s payments API and tools simplify the process for businesses across various sectors to connect to the financial system and provide excellent user experiences.

Stitch has successfully raised a total of US$27 million in funding and currently has offices in Cape Town, Johannesburg, and Lagos. The company has garnered support from prominent investment firms such as 500 Global, RaliCap, Future Africa Fund, first-minute capital, CRE Venture capital, PayPal ventures, and Village Global. These partnerships underscore the confidence in Stitch’s mission and the potential impact it can have on the fintech industry.

With the launch of WigWag, Stitch aims to empower small businesses with the ability to accept card payments quickly and effortlessly. By addressing the needs of this specific market segment, Stitch continues to demonstrate its commitment to providing innovative solutions that enhance the overall payments landscape in South Africa.

Frequently Asked Questions (FAQs) Related to the Above News

What is WigWag?

WigWag is a no-code payments solution developed by Stitch, a payments service provider in South Africa. It allows small businesses to accept local and international card payments without the need for a website or developer resources.

How can small businesses start accepting card payments with WigWag?

Small businesses can start accepting card payments within minutes by sending a unique payment link to customers via chat or email. Customers can easily open the link, enter their card details, and make payments hassle-free.

Do businesses need technical knowledge or complex integrations to use WigWag?

No, WigWag was specifically designed for small businesses and eliminates the need for complex integrations or technical knowledge. It offers an easy-to-use interface, making it simple for businesses to accept card payments.

What additional features does WigWag offer besides accepting card payments?

Apart from accepting payments, WigWag allows businesses to track pending payments and reconcile transactions through the provided dashboard. It also collects delivery details during the payment process, ensuring seamless order fulfillment.

How does WigWag streamline the invoicing process for businesses?

Every month, businesses using WigWag receive an invoice summarizing their past month's activities on the platform. It provides details such as total payments received, processing fees charged, VAT on those fees, and the payouts the businesses made to themselves.

Is security a priority with WigWag?

Yes, security is a top priority with WigWag. All transactions made through the platform are performed via 3D-secure, which ensures that customers go through a multi-factor authentication process to complete their purchases. This provides an extra layer of protection for both businesses and their customers.

What is Stitch and how does it support small businesses?

Stitch is a payments infrastructure company that helps businesses scale faster and operate more efficiently. It offers a payments API and tools that simplify the process for businesses to connect to the financial system and provide excellent user experiences.

What funding has Stitch received and who are its partners?

Stitch has raised a total of US$27 million in funding and has partnerships with prominent investment firms such as 500 Global, RaliCap, Future Africa Fund, first-minute capital, CRE Venture capital, PayPal ventures, and Village Global. These partnerships demonstrate confidence in Stitch's mission and its potential impact on the fintech industry.

How does WigWag empower small businesses?

With the launch of WigWag, Stitch aims to empower small businesses by providing them with a simple, efficient, and no-code solution to accept card payments quickly and effortlessly. By addressing the specific needs of this market segment, Stitch demonstrates its commitment to enhancing the overall payments landscape in South Africa.

Please note that the FAQs provided on this page are based on the news article published. While we strive to provide accurate and up-to-date information, it is always recommended to consult relevant authorities or professionals before making any decisions or taking action based on the FAQs or the news article.

Share post:

Subscribe

Popular

More like this
Related

Apple Inc. AI Stocks Rank 6th on Analyst List, With High Growth Potential

Apple Inc. AI Stocks ranked 6th with high growth potential, experts bullish on tech giant's AI capabilities amidst market shifts.

Anthropic Launches Advanced Claude AI Chatbot for Android Users, Revolutionizing Conversations and Document Analysis

Anthropic's Claude AI Chatbot for Android offers advanced features for seamless conversations and document analysis, revolutionizing user experience.

ChatGPT Plus: Is it Worth the Investment for Advanced Content Generation?

Discover if ChatGPT Plus is worth the investment for advanced content generation. Compare features and benefits for improved AI language model.

Tech Giants Invest Billions in Aragon’s Renewable Cloud Centers

Tech giants invest billions in Aragon's renewable cloud centers, making it Europe's leading hub for cloud storage. Don't miss out on this cutting-edge development!