South Africa has 15 million unbanked adults. E Pay is the only free, mobile-first, multi-use-case digital wallet built specifically for this market — with 90% of the technology built, operational WiFi infrastructure deployed, and a 5-country rollout plan ready to execute.
The informal economy of Southern Africa moves billions of rand in cash every month. That cash is stolen, lost, untracked and inaccessible. E Pay is the infrastructure layer that brings it into the digital economy.
Cannot open a conventional bank account. No proof of address. No credit history. E Pay requires only a phone number and ID. Zero barrier.
Wallet registration is free — zero barrier for end users. Agent registration is R50 once-off, recovered on first few transactions. Distribution cost is structurally near-zero. Growth compounds.
Each wallet generates revenue across wallet transactions, airtime, electricity, data, WiFi, merchant settlements, tip cards, events and EFT payouts. One acquisition. Eight revenue lines.
Free registration. Free wallet. Free wallet-to-wallet transactions. Low barrier drives mass adoption. Revenue is earned on transaction volume, not subscription. The informal economy becomes the revenue base.
The technology platform is not a concept. E Pay wallet is live. ZapNet WiFi is deployed in the field. The agent network is operational. The remaining 10% is one thing — and it is a competitive advantage, not a gap.
Wallet registration, send/receive, airtime, electricity, data, wallet-to-wallet real-time settlement. Live and transacting.
MikroTik hotspot network deployed. RADIUS authentication. E Pay wallet integration. Community WiFi operational.
Multi-level commission structure. Agent dashboards. Referral codes. Sub-agent registration. Automated commission calculation.
QR code payments. Real-time settlement to E Pay wallet. EFT payout requests to bank accounts for supplier payments. Live.
E Pay wristband payment and event access control. Three payment methods: phone, wristband, wallet code. Final integration in progress.
E Pay is designing and building its own proprietary payment terminal — purpose-built for wallet transactions, cheap to manufacture, and reliable in low-connectivity environments. Three deployment models: available to rent for any event; free rental for larger events where E Pay supplies the ZapNet WiFi network to guarantee terminal connectivity and transaction speed. This is not a dependency on third-party hardware — it is a hardware moat.
QR tip cards for caddies, waiters, petrol attendants, car guards. Personal wallet QR. Instant tip receipt. Zero bank account required.
Revenue is generated on transaction volume. As the user base grows, revenue compounds without proportional cost increase. The agent network distributes growth at zero marginal acquisition cost.
| Revenue Stream | How It Works | Unit Economics | Scale Driver |
|---|---|---|---|
| Wallet Transactions | Small fee on send/pay transactions above free tier | Per transaction | User base volume |
| Airtime & Data Sales | Margin on prepaid airtime and data resale via integrated API | % of transaction value | Daily habit usage |
| Electricity Tokens | Margin on prepaid electricity token sales | % of transaction value | Essential utility demand |
| ZapNet WiFi | Direct WiFi session revenue from hotspot network | Per session / per GB | Hotspot deployment scale |
| Merchant Settlement | Transaction fee on merchant payment acceptance | % of merchant turnover | Merchant network growth |
| EFT Payout Fee | Fee on merchant requests to settle wallet funds to bank account | Per EFT request | Merchant adoption |
| Event & Access Control | Setup fee plus transaction percentage on cashless event processing | Per event + per transaction | Event pipeline |
| Speedpoint Terminal Rental | Rental fee per terminal per event. Free for large events where E Pay supplies ZapNet WiFi network — revenue recovered on transaction volume. | Per terminal / per event | Event pipeline growth |
| Foreign Exchange / Visitor Wallet | Exchange margin on foreign currency loaded by visitors | % on conversion | Tourism and travel |
E Pay has existing operational presence across Southern Africa. The 5-country rollout is not speculative — it builds on established relationships, regulatory groundwork and working technology.
Primary market. 15M unbanked. ZapNet deployed. Wallet live.
Primary MarketLandlocked within SA. High remittance corridor. E Pay operational.
Growth MarketHigh mobile money adoption. Strong unbanked population. Ready to scale.
Growth MarketSADC member. Close SA ties. Established informal economy sector.
Growth MarketRapid mobile growth. Large unbanked segment. Tourism corridor.
Growth MarketEntry-level Android devices have reached price points accessible to the unbanked. The infrastructure for mass digital wallet adoption now exists in the hands of the target market.
Cash-in-transit heists, spaza shop robberies and petty theft are driving merchants to seek cashless alternatives urgently. The demand is not created — it is responding to a live crisis.
South African Reserve Bank and regional equivalents have created pathways for stored-value wallet products. E Pay's positioning as a wallet — not a PSP — aligns with existing regulatory frameworks.
South Africa's informal economy is estimated at over R200 billion annually. Not a single rand of it flows through a wallet designed for this market. E Pay is that wallet.
"The unbanked are not a charity case. They are a market. They transact every day, in cash, because nothing better has been built for them. E Pay is that something better."E Pay Africa — Founder's Statement
Request the full investor deck including detailed financial projections, technology architecture, regulatory framework and investment terms.