Scan To Pay

What Scan To Pay does

Scan to Pay, operated by Ukheshe Technologies (Pty) Ltd and part of the EFT Corporation ecosystem, is South Africa's largest interoperable QR payment platform, founded in 2012 and headquartered in Johannesburg. The platform connects consumers, merchants, banks, payment service providers, and acquirers through a single QR acceptance layer that processes transactions over existing card rails. It supports static and dynamic QR codes for in-store payments, hosted and custom checkout for e-commerce, USSD for feature-phone users, app-to-app deep links, and bill payments. Scan to Pay also operates the Eclipse merchant acquiring platform, a 19-step API-driven KYB onboarding flow with sanctions screening, enabling it to function as an acquirer-adjacent infrastructure layer rather than only a wallet overlay.

The platform is embedded in every major South African bank's app — ABSA, Standard Bank, Nedbank, FNB, and Capitec — reaching 16 million users through banking app inclusions in addition to 3 million direct Scan to Pay app downloads. It also interoperates with competing consumer wallets such as SnapScan and Zapper, and through a MoneyBadger integration launched in October 2025, enables cryptocurrency payments from Binance, Luno, and VALR users at 650,000+ merchant locations. The merchant base spans major South African retailers (Pick n Pay, Shoprite, Checkers, Makro, Takealot, Engen, Clicks), telecoms (MTN), media (MultiChoice), and travel (South African Airways), with 94 PSPs/integrators and 18 fintechs connected to the platform.

Scan to Pay earns revenue primarily through transaction processing fees on QR-based payments and through Eclipse merchant acquiring activities, with merchants paying fees via their existing acquiring bank relationships; the consumer-facing app is free. The company is PCI DSS Level 1 certified, registered as a Financial Services Provider (FSP 45133) with the Payments Association of South Africa, and registered as a Merchant Aggregator with Mastercard and Nedbank. Recent product expansion includes the 2024 Pay by App e-commerce checkout solution, the 2025 cryptocurrency integrations, and the Scan to Pay Vouchers product for corporate rewards and digital payouts.

Name

Scan To Pay

Legal name

Ukheshe Technologies (Pty) Ltd

Website

https://scantopay.io

Company type

Private

Founded year

2012

Operating status

Operating

Short description

Scan to Pay operates South Africa's largest interoperable QR payment ecosystem, processing billions of Rands across 650,000+ merchant locations and 19 million users through integration with all five major South African banks, 94 PSPs, and acquirers.

Ownership category

akta.pro rank

Product category

QR Payment Platform

NAICS

Financial Transactions Processing, Reserve, and Clearinghouse Activities (52232), Financial Transactions Processing, Reserve, and Clearinghouse Activities (522320)

akta.pro primary industry

Processor-Agnostic / White-Label Acquiring Platforms (Acquiring-as-a-Service) (FSAMABAI)

akta.pro secondary industries

Merchant Payment Gateways (API/Hosted Checkout) (FSAMACAA), Embedded Payments (Pay-ins, Pay-outs, Wallets) (FSAGALAB), Integrated Payment Processors (PSP/Acquirer) (FSAMABAA)

Keywords

• QR payment platform
• Payment infrastructure software
• Merchant acquiring services
• Mobile payment APIs
• Digital wallet integration

Headquarters

HQ city

Gauteng

HQ country

South Africa

HQ region

Africa

Offices1 record

Markets served

GTM type

B2B

Offering type

Software

Cost components

Technology or R&D, Infrastructure, Personnel, Operations, Marketing or Sales

Revenue model

1. Transaction Processing Fees: Scan to Pay earns fees from processing QR-based transactions across the network. Merchants pay transaction fees through their acquiring bank relationships. The platform sits on top of existing card-payment rails.
2. Merchant Acquiring: Direct acquiring capabilities through Eclipse platform, enabling merchants to process card-present and card-not-present transactions with settlement through acquiring bank relationships.
3. API and Integration Services: Developer platform providing APIs and SDKs for wallet providers, PSPs, and merchants. Supports hosted checkout, custom checkout, and SDK embedding options.
4. Voucher Services: Digital voucher platform enabling corporate payouts, employee rewards, and gift vouchers. Revenue from voucher issuance and distribution services.

Pricing tiers

Go-to-market motion3 records

Distribution channels6 records

Marketing channels5 records

Core offering

Scan To Pay operates an interoperable QR-based payment platform that connects banks, payment service providers, fintechs, acquirers, and merchants through a single acceptance layer. The platform supports in-store (static/dynamic QR), e-commerce, USSD, app-to-app, and bill payment channels, processes billions of Rands in annual transaction value, and is PCI DSS Level 1 compliant. Core monetization comes from transaction processing fees, merchant acquiring via the Eclipse platform, API/integration services, and voucher issuance, while the consumer wallet app is provided free of charge to drive network effects.

Product overview

Scan to Pay is South Africa's largest interoperable QR payment ecosystem, founded in 2012, operating as a unified platform-plus-modules architecture. The core Scan to Pay QR Payment Platform powers QR-based payments across every major South African bank (ABSA, Standard Bank, Nedbank, FNB, Capitec) and runs through all major acquirers. The portfolio includes the Scan to Pay App (consumer mobile wallet with 3M downloads), E-commerce Checkout (hosted and custom), QR Payments (static/dynamic for POS), Bill Payment, USSD Payment (extending to feature phones), App-to-App Payments (deep links), Scan to Pay Vouchers (digital rewards and payouts), In-App Payments SDK (Android/iOS merchant embedding), Remote API (for wallet providers to embed scan-and-pay), Merchant Acquiring Reseller/Eclipse (end-to-end KYB onboarding), Portal API (merchant management), and Converged Wallet App. The platform processes billions of Rand in annual transaction value across 650,000+ merchant locations, with recent additions of cryptocurrency payments via MoneyBadger integration covering Binance, Luno, and VALR.

Differentiator

Problem solved

Functional benefit

Quantifiable outcome

• 650,000+ merchant acceptance locations across South Africa
• +3 more outcomes

Named customers22 records

Segments6 records

Ideal customer profiles4 records

Technology focussed Yes

API detail

Has API

Yes

API docs

API detail

Core technology

AI maturity

App detail

Integration21 records

AI capability1 record

Feature9 records

Partnerships

Eleven partnerships are on record, tiered core and minor.

• MoneyBadgercoreTechnology or Integration · 7 October 2025Integration enabling direct cryptocurrency payments at Scan to Pay merchant locations. Users across Binance, Luno, and VALR platforms (7 million+ users) can pay with cryptocurrency at 650,000+ merchants. MoneyBadger handles the crypto-to-fiat conversion in real-time.
• AltcoinTradercoreTechnology or Integration · 11 September 2025Partnership unlocking cryptocurrency spending across 650,000+ Scan to Pay merchant locations. AltcoinTrader users can spend crypto balances directly at any merchant accepting Scan to Pay.
• ABSAcoreChannel Partner/ Reseller/ DistributorMajor South African bank integrated into Scan to Pay wallet ecosystem. Bank's app includes Scan to Pay functionality for QR payment acceptance and initiation.
• Standard BankcoreChannel Partner/ Reseller/ DistributorMajor South African bank integrated into Scan to Pay wallet ecosystem. Bank's app includes Scan to Pay functionality for QR payment acceptance and initiation.
• NedbankcoreChannel Partner/ Reseller/ DistributorMajor South African bank integrated into Scan to Pay wallet ecosystem. Nedbank also provides acquiring services as TPPP (Third Party Payments Processor).
• FNBcoreChannel Partner/ Reseller/ DistributorMajor South African bank integrated into Scan to Pay wallet ecosystem. Bank's app includes Scan to Pay functionality for QR payment acceptance and initiation.
• CapiteccoreChannel Partner/ Reseller/ DistributorMajor South African bank integrated into Scan to Pay wallet ecosystem. Bank's app includes Scan to Pay functionality for QR payment acceptance and initiation.
• MastercardcoreTechnology or IntegrationMastercard registration as Merchant Aggregator. Scan to Pay enables Mastercard QR acceptance and participates in MATCH (terminated merchant list) screening for compliance.
• Payments Association of South Africa (PASA)coreTechnology or IntegrationThird Party Payments Processor registered with PASA, South Africa's payment industry association governing electronic payment standards.
• EFT CorporationcoreStrategic or Co-development PartnerEFT Corporation is the parent company/operator of Scan to Pay. © 2025 EFT Corporation. The Eclipse platform for merchant acquiring is operated by EFT Corporation.
• VodaPayminorChannel Partner/ Reseller/ DistributorVodafone-backed digital wallet integrated into Scan to Pay ecosystem, enabling VodaPay users to pay at Scan to Pay merchant locations.

Scale indicators8 records

Recent moves6 records

Expansion highlights7 records

Direct peers

• SnapScan: South African QR-based payment app originally independent and now Standard Bank-owned; directly competes in merchant QR acceptance and consumer scan-to-pay, with which Scan to Pay has interoperability partnerships.
• Zapper: South African QR payment provider used by major retailers; competes head-on in QR-based POS acceptance and consumer wallets and is interoperable with the Scan to Pay ecosystem.
• VodaPay: Vodacom-backed digital wallet integrated into the Scan to Pay ecosystem; targets the same consumer scan-and-pay use case through a telco distribution channel.
• Masterpass: Mastercard's QR/wallet product that Scan to Pay was originally built on top of (the Capitec app bundle is 'com.oltio.capitec.masterpass'); competes at the card-network-backed QR layer.
• Ozow: South African instant EFT and alternative-payment provider; competes for the same merchant and PSP integrations across QR, e-commerce checkout, and bill payment rails.

Emerging players

• MoneyBadger: South African crypto-payment integration partner of Scan to Pay, enabling Binance, Luno, and VALR users to pay at Scan to Pay merchants; closest direct overlap on the crypto-at-POS capability.
• Stitch: South African payment-infrastructure fintech offering APIs for payouts and account-to-account flows; overlaps with Scan to Pay in developer-first payment APIs and fintech integration services.

Broad incumbents

• Apple Pay: Global wallet incumbent entering South Africa; competes indirectly for the same high-value contactless and e-commerce payment volume Scan to Pay captures.
• PayShap: PASA-led national instant payment / QR standard supported through Scan to Pay's Portal API; the dominant inter-bank interoperable scheme that could re-shape competitive dynamics for all QR players.
• Google Pay: Global wallet and tap-to-pay incumbent active across Africa; competes for consumer payment attention and merchant acceptance reach parallel to Scan to Pay's stack.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/scan-to-pay

Compliance6 records

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Scan To Pay