For local communities
- Save on taxi fares. Commuters can save up to R150 previously spent travelling to distant ATMs or bank branches.
- Safe and convenient. Cash-in deposits within walking distance from home.
Cash to bank, at your local spaza shop
Digital vouchers.
Local access.
Deposit cash into your own bank account at a participating spaza shop. No long taxi trip to an ATM or branch. Just walk to the shop, buy a voucher and redeem it on your phone.
- Fast
- Safe
- Secure
- For our communities
Customer
Spaza shop
Bank
01 · The solution
Connecting cash
to banking
Telfund Voucher is a cash-to-bank voucher solution that makes digital money transfers more accessible through participating spaza shops.
It works as a financial software switch. Telfund never holds, collects or stores physical money: it is the technology that routes your deposit from the shop to your bank account.
Our vision
To make everyday digital financial transactions more accessible, convenient and commercially sustainable.
Our partnership ambition
To collaborate with banks, payment service providers, technology companies, POS suppliers and township merchants to build a scalable distribution network.
02 · How it works
Five simple steps from cash to bank
-
1
Purchase
Visit a participating spaza shop and buy a Telfund Voucher for your bank account, for example Capitec, FNB, Absa, Nedbank or TymeBank.
-
2
Account capture
The cashier enters your destination bank account number into the point-of-sale terminal.
-
3
Issuance
The terminal prints a voucher that cryptographically binds the voucher PIN to that specific account number.
-
4
Digital redemption
Open the Telfund app or web portal, enter your voucher PIN and account details, and submit.
-
5
Instant switch
Telfund verifies the voucher and routes the deposit straight into your linked bank account. You get a confirmation SMS.
03 · Benefits
Good for communities, shops and partners
For spaza shops
- Earn commission. Make a margin on voucher stock, for example pay R4,950 for R5,000 of stock.
- Offload till cash. Convert excess cash into digital stock and reduce robbery risk.
- More foot traffic. Bring customers through your door and lift grocery sales.
For retailers and banks
- New revenue stream. Retailers earn a fee per transaction on existing POS hardware.
- No new infrastructure. Banks capture informal micro-deposits without extra branches or ATMs.
- Existing cash channels. Merchant deposits flow into banking infrastructure through counters already in use.
04 · Security and compliance
Locked to your account from the moment you buy
Every voucher is cryptographically linked to the destination bank account when it is purchased. That protection is the heart of the Telfund design.
- Destination-locking. Provisional patent ref: CIPC No. 2026/08777.
- Protection if a slip is lost or stolen. No one else can redeem it into a different account. The funds stay locked to the intended recipient.
- Built-in limits. Deposits from R70 up to R3,000 per month per verified ID.
- Real-time auditing. Every transaction enforces ID linking, device identification and location logging for automated compliance tracking.
Minimum depositR70
Monthly maximum per verified IDR3,000
Checks on every transactionID · Device · Location
05 · The Telfund app
Your vouchers, in your pocket
Access your digital vouchers quickly and easily on the Telfund mobile app or web portal. Buy and redeem vouchers, check your balance and find spaza stores near you.
Meet DoctorJay
DoctorJay is the Telfund help assistant. Ask it how vouchers work, what the limits and fees are, how to stay safe, or how a spaza shop registers. It is an automated helper, so for a specific transaction please contact the Telfund team.
- Buy Voucher
- My Vouchers
- Scan & Pay
- Find Spaza Stores
- Profile
- Support
06 · For spaza shop owners
Become a Telfund merchant
Register
Register on the Telfund merchant portal, submit basic verification and receive voucher-issuing access on your existing terminal or mobile device.
Load your voucher stock
- Option A: digital EFT. Transfer funds from your bank account to the partner bank clearing account and load stock instantly.
- Option B: retail cash deposit. Take till cash to partner retail counters (PEP, Kazang, Flash, EcoCash), which deposit it into the bank network and load your digital voucher float.
07 · The commercial model
Small transactions. Repeat business.
A simple service fee that scales with the size of the deposit. The figures shown are the proposed, illustrative fees and may change as agreements with partners are finalised.
08 · Growth strategy
Scaling on evidence, one phase at a time
10shops
Phase 1: Prove the model
A controlled pilot in Mookgophong and Modimolle to test merchant demand and validate the transaction process.
50–100shops
Phase 2: Build local scale
Expand merchant onboarding, improve volumes and assess unit economics using actual operating data.
250shops
Phase 3: Enterprise expansion
Explore direct bank integrations, negotiated rates and additional payment rails when volumes justify it.
09 · The partnership proposition
Don’t just watch digital payments grow.
Help build the network that delivers them.
For banks
Expand the reach of your payment ecosystem
- Explore transaction processing and settlement partnerships.
- Evaluate a potential new merchant distribution channel.
- Take part in a measured pilot with agreed performance indicators.
For payment service providers
Unlock new transaction channels
- Explore payment API and real-time clearing integration.
- Support processing, notifications and reconciliation.
- Collaborate on routing, monitoring and resilience.
For technology and service providers
Power the network
- Supply POS terminals, printers and merchant technology.
- Provide software, cybersecurity, hosting and support.
- Support merchant onboarding, training and field operations.
For merchants and distribution partners
Grow with us
- Introduce an additional service at participating retail points.
- Earn agreed commercial margins on eligible transactions.
- Receive onboarding, operating guidance and support.
The invitation to join: let’s build the future of community-based payments together
- Start the conversationMeet to understand the model, target market, transaction flow and objectives.
- Define the partnershipIdentify infrastructure, technical needs, commercial terms and responsibilities.
- Validate and prepareComplete due diligence, confirm regulatory obligations and agree security and risk controls.
- Launch a controlled pilotTest with an initial group of merchants, measure performance and resolve issues.
- Scale based on evidenceUse verified demand, volumes and unit economics to decide the next phase.
10 · Let’s keep in touch
Make an enquiry
Tell us who you are and how we can help. Customers, spaza shop owners, banks, payment providers and technology partners are all welcome. We will get back to you as soon as we can.
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