Virgin Money Spot grows its national footprint

At Virgin Money South Africa, we’ve been very busy with the continuous development of our mobile payment app, Virgin Money Spot. In December, we launched our merchant payment feature and the ability to buy airtime and data from within the app. Since then, it’s been full steam ahead to ensure that we bring on big, well-known brands that we know our customers love and trust. 

Tell me more about merchant payments

Virgin Money Spot allows you to make payments at participating stores by simply scanning a QR code or entering a code at the till. It’s a quick and easy process for the customer and there’s no need to carry about a clunky wallet. One of the great benefits of using Virgin Money Spot at our participating merchantis that you’ll instantly earn cash back into your Spot wallet and you’re free to use that money however you choose.

Which merchants do you have onboard?

Since launching our merchant payment feature, you can use Virgin Money Spot to pay at over 1500 stores nationwide. The merchants we’ve partnered with are household names, that span multiple industries and have a national footprint. We have merchants in the food, tech, retail and eventing space, with many more to come onboard in April.

Tell me about your airtime and data feature

Within Virgin Money Spot, you can buy airtime and data in under 30 seconds. This makes our process exceptionally quick and it means no fuss for the customer. Without Virgin Money Spot, buying airtime and data can be a bit of a tedious process. You can purchase it through your banking app, but this means entering a lot of information and going through multiple steps to buy what you need. Alternatively, buying airtime and data can mean having to queue at a till for a voucher. Neither of these two options is particularly easy for the customer, whereas our process gives the customer a great experience.

 

We have great plans for rollout in April so our customers will have even more places to pay with Virgin Money Spot.  

Pay a buddy with just a cell phone number

How many times have you and your friends had to share your EFT details with each other? Or even worse, you needed to wait for the next time you’re at an ATM to draw cash to pay your friend back. That’s just a waste of your time and your money, so we have a better solution for you!

Do it all with just a cell phone number

We’re pretty sure that you have your friend’s cell phone number, right? Well what if we told you that when you pay your friend with Virgin Money Spot, a cell phone number is all you need and it won’t cost you a thing. You don’t even need to get up from your comfiest couch and you don’t need to wait for them to send you their EFT details, which we all know takes forever.

So how does it work?

It couldn’t be easier. Just follow these quick steps and your friend is as good as paid.

  1. Open your Virgin Money Spot app.
  2. Tap on the red Spot button and click “pay a contact.”
  3. You can search by your friend’s name or enter their cell phone number.
  4. Enter in how much you want to pay them and whether you want to pay from your linked card or from your Spot Wallet.
  5. You can even enter in a description about what the payment is for.
  6. Enter in the Spot Pin that you created when you registered.
  7. Hey presto – your friend has been paid!

What if my friend owes me money?

We all have that one friend that’s a bit slow to repay whatever they owe. With Virgin Money Spot’s “request” feature, they’ll have no more excuses! In the Virgin Money Spot app, click “request money” and enter in your friend’s name or cell phone number. Once you’ve filled in the details, your friend will get a notification to either approve or decline the payment. When they click approve, the money is yours.

 

You see? It’s easy peasy to pay your friends with Virgin Money Spot. All you need is their cell phone number. Want to know one of the best parts? It won’t cost you a thing to pay them!   

What are the benefits of living cashless?

Did you know that you’re being charged whenever you draw cash? Why should you have to pay money just so that you can have access to your hard-earned bucks? We believe that you shouldn’t and that’s why it’s easier and cheaper to live cashless.

So how much am I being charged?

When you go to an ATM to draw cash, you could be paying as much as R16,25 per withdrawal. That means that if you draw cash four times a month, you’re paying R65 just to take out your own money. That R65 is your money and you’re giving it away so that you can take out your money. Now isn’t that ironic? The withdrawal fees also start to add up. After four years of drawing cash, you’ll be paying over R3000 in fees!

what is the alternative?

Go cashless! You shouldn’t have to pay fees just so that you can use your money the way you want to. Think about the ways that you use cash now. Do you use cash to pay a buddy back? Do you buy airtime and data? Purchase something at a store? Or do you use cash to pay someone for the odd job they’ve done for you? Well here’s the great news – you don’t need to have physical cash to do any of those things. You should rather use Virgin Money Spot – our free money transfer app.

What are the benefits of Virgin Money Spot over cash?

Whether you want to pay a friend or contact, buy airtime or data or pay at certain stores, Virgin Money Spot let’s you do it all – for free! Using Virgin Money Spot is also far more convenient than drawing cash. You can pay a friend and buy airtime or data all from the comfort of your home – there’s no need to dash out and find an ATM.

Wait, there’s more! When you pay with Virgin Money Spot at some of our participating stores, you’ll get cash back. Not only are you saving money from going cashless, you’re also earning rewards. So, what are you waiting for? Go cashless and save!