Aiming to provide a new solution to this problem, local start-up Yo Time offers an internet platform that allows retailers to give change in the form of mobile airtime instead.
Currently, shoppers whose purchases don’t add up to a whole-dollar amount are often forced either to buy an extra item to make the total round up, or to accept a credit note that’s typically good only at the store that issued it.
With Yo Time, however, participating retailers can issue change in the form of PIN-less airtime credited directly to the shopper’s mobile phone number. The service can handle credits of any value between 10 cents and 50 cents. Once sent, the shopper receives the airtime within eight seconds along with a confirmation message.
Yo Time has already been embraced by several leading retail chains and supermarkets in Zimbabwe, the company says.
Post published in: Business