Fintech start-up SOL Wallet has announced its\u00a0launch in\u00a0South Africa.<\/p>\n
The company develops a bank-like money management platform for retail customers, where anyone can deposit, save, invest, make payments and manage their expenses via mobile and web apps. SOL Wallet allows users to register and create multi-currency accounts online, buy and sell currencies at interbank rates, trade crypto at the best market rates, pay service providers and utility bills, send money to friends, get a SOL card and pay in stores.<\/p>\n
“Traditional banks are good as custodians for your money but are not that good in solving your everyday payment needs,\u201d said SOL Wallet CEO Boris Frischter.<\/p>\n
\u201cThey charge high commissions and overcomplicated fees while not providing customers with careful service. People are spending hours on\u00a0paperwork\u00a0and queues to understand their charges. We believe it’s not fair and the bank should benefit its clients. So, it’s time to disrupt traditional banks by doing the same things easy and cheap with the help of technology.\u201d<\/p>\n
SOL is conducting the closed beta testing in\u00a0South Africa\u00a0now and will launch its products for the\u00a0public in\u00a0March.<\/p>\n","protected":false},"excerpt":{"rendered":"
Fintech start-up SOL Wallet has announced its\u00a0launch in\u00a0South Africa. The company develops a bank-like money management platform for retail customers, where anyone can deposit, save, invest, make payments and manage their expenses via mobile and web apps. SOL Wallet allows users to register and create multi-currency accounts online, buy and sell currencies at interbank rates, […]<\/p>\n","protected":false},"author":25,"featured_media":23338,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[565,103,399,19,260,602,262],"tags":[7762,679,7761,453,1882],"class_list":["post-23337","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-banking-finance","category-mobile","category-more-news","category-regional-news","category-regional-news-newsletter","category-retail","category-used","tag-boris-frischter","tag-fintech","tag-sol-wallet","tag-south-africa","tag-southern-africa"],"acf":[],"publishpress_future_workflow_manual_trigger":{"enabledWorkflows":[]},"_links":{"self":[{"href":"https:\/\/www.intelligentcio.com\/africa\/wp-json\/wp\/v2\/posts\/23337","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.intelligentcio.com\/africa\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.intelligentcio.com\/africa\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.intelligentcio.com\/africa\/wp-json\/wp\/v2\/users\/25"}],"replies":[{"embeddable":true,"href":"https:\/\/www.intelligentcio.com\/africa\/wp-json\/wp\/v2\/comments?post=23337"}],"version-history":[{"count":2,"href":"https:\/\/www.intelligentcio.com\/africa\/wp-json\/wp\/v2\/posts\/23337\/revisions"}],"predecessor-version":[{"id":23340,"href":"https:\/\/www.intelligentcio.com\/africa\/wp-json\/wp\/v2\/posts\/23337\/revisions\/23340"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.intelligentcio.com\/africa\/wp-json\/wp\/v2\/media\/23338"}],"wp:attachment":[{"href":"https:\/\/www.intelligentcio.com\/africa\/wp-json\/wp\/v2\/media?parent=23337"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.intelligentcio.com\/africa\/wp-json\/wp\/v2\/categories?post=23337"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.intelligentcio.com\/africa\/wp-json\/wp\/v2\/tags?post=23337"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}