Ozow is an automated electronic funds transfer(EFT) processor that allows for electronic
funds to be transferred inter-bank directly into the sellers bank account, in real time,
using the current infrastructure of your banks internet banking functionality
How Does it Work?
Select your bank
Log in using your internet banking credentials
The automated process will navigate and populate the relevant fields on your behalf in the background
Select an account to pay from and enter a reference for your records
Your bank will send you an otp or mobile authentication to your mobile phone to verify the payment
Enter otp or accept the authentication message
Payment is complete
How Long Do I have To Wait?
Your order status will be updated immediately
There is no need to send through a proof of payment
There is no need to wait for funds to reflect in the sellers account
Is It Safe?
Ozow guarantees the highest levels of security when paying online
Ozow has a Thawte EV SSL encryption certificate which gives our payment processing service
an extremely high level of security
Ozow acts as a proxy between the buyer and the bank to facilitate a faster, safer and
easier payment process for both the buyer and the seller
Your online banking login details are NOT stored by Ozow
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The Ozow PIN is a patent-pending technology that has
been audited by MWR InfoSecurity under the internationally recognised security firm
The Ozow PIN works through a process of tokenisation,
a world first innovation that allows customers to have their internet banking profiles
securely identifiable via a token.
In order to make a tokenised payment, a customer-selected
Ozow PIN will be required. This
Ozow PIN is created by the customer at the initial
point of the customer giving their consent to tokenise future payments. The customer
would then also still have to approve the payment before it goes through, ensuring
two-factor authentication and security.
This makes payment even more Ozow fast, but still gives the
customer complete control over their payments.
Ozow PIN Created
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