Small business owners are currently struggling with high payment surcharge on each transaction. This payment processing fees and ongoing rentals take a sizable cut from businesses resulting in tight profit margins during a cost of living crisis.
Our solution:
Our solution, ShaBaas Pay makes payments a seamless and cost-effective experience for both merchants and end-users. By reducing transaction fees and transaction settlement time we strive to provide a hassle-free payment process that benefits everyone involved. Our payment are not dependant on bank cut off schedules resulting in faster transfer of revenue to businesses.
Our differentiator:
Our business model provides a unique approach by utilising smart QR codes to receive invoice payment in real-time at significantly lower payment processing fees.
Our biggest achievement:
We have successfully designed, developed, and launched our MVP in collaboration with established service providers, which serves as a strong testament to our startup's success. Additionally, we conducted beta testing with businesses in a production environment, gathered valuable feedback, and incorporated it into our product offering.
