Doing business online matters. The growth in digital retail has helped countless businesses
survive the decline in traditional in-store shopping over the last few years. It isn’t slowing
down either. Largely thanks to technological innovation, South African eCommerce is
expected to continue to grow at a rate of 55% over the next five years1.
A contributor of this growth is subscription services being offered by online retailers.
Whether a streaming service, SaaS product (subscription as a service), or even products
being delivered to customers every month, subscription commerce is growing at an
accelerated rate.

For businesses entering the subscription commerce market, creating a frictionless end-to-
end experience is critical. More importantly, people want the freedom to pay using any
method of their choice and expect businesses to accept a wide range of payment methods.
This is where the partnership between Ozow and Revio comes in.

Revio powers subscription and recurring payment solutions for businesses in Africa. Ozow
provides an easier, quicker, and more convenient way for customers to make payments.
Unlike traditional payment options, Revio’s merchants will now be able to offer their
customers the option to make instant payments directly from their bank accounts. These
can be done anywhere, any time, and without the hassle of having to wait for money to
clear.

‍
When they receive their invoice, customers simply need to select Ozow as their payment
option. They will be prompted to enter their bank login details and create a four-digit PIN, to
select the bank account they want to pay from. To ensure this is secure, they will be
required to approve the payment on their banking app. It’s that simple.

Not only do customers win. But so do Revio’s merchants. Businesses that cater to their
customers’ preferences by accepting a greater number of payment methods grow revenue
and their subscriber base faster, reduce their churn rate, and collect payments more
effectively.

We’re pretty excited about the partnership. It fits in with our goal of creating greater
financial access and choice for people.

To find out more about Revio, and the growth of subscription services and recurring
payments in eCommerce, be sure to visit their website: www.revio.co.za

1 Report: eCommerce Payments: Emerging Trends, Opportunities & Market Forecasts 2022-
2026

‍