Standard Bank announces SnapScan – a game-changing mobile payment solution Standard Bank announced the launch of their mobile payment app, SnapScan. This is the bank’s first mobile payment offering that allows merchants to receive payments from their customers through a combination of a QR code and a secure PIN number. Vuyo Mpako According to Standard Bank’s Head of Innovation and Channel Design, Vuyo Mpako, “We are excited to bring such innovative offerings to all South African businesses. We created this app together with Stellenbosch-based IT agency, FireID in 2013, and it went on to win the 2013 MTN Business’ App of the year award. After extensive beta testing, we’re ready to take this solution to market.”  The challenge that many small enterprises face is the cost of setting up a POS machine combined with interrupted or unreliable connectivity, for example a small business trading at a Saturday market. SnapScan enables small business owners who wouldn’t normally qua...