Momentum, one of South Africa’s major financial services providers, partnered with EFT Corporation to simplify the way members access and spend their medical aid funds through a secure, digital wallet solution named Momentum HealthSaver.

Challenge

Momentum’s challenges:

Limited access to payments infrastructure
High cost and complexity in delivering a secure, digital system
Integrating approved merchants onto their platform

Solution

The solution Momentum HealthSaver, enabled by EFT Corporation.

Provided a BaaS platform to enable their members to securely store and spend healthcare funds through an approved network of merchants. With our BaaS Technology, Momentum now delivers:

Semi-closed loop wallet functionality, ensuring that funds could only be spent within a controlled, approved network of merchants.
Prepaid cards linked to digital wallets to give medical aid members a familiar, flexible way to pay for goods and services — online or in person.
Merchants are connected via API, creating a flexible and scalable ecosystem.
Each wallet is backed by an external source of value, with Momentum retaining full custodianship of the funds which ensures medical aid funds remain secure and compliant.

With HealthSaver, Momentum simplified the way members access and spend their medical aid funds, and EFT Corporation is proud to power this secure, smart solution.

Get in Touch

Momentum, one of South Africa’s major financial services providers, partnered with EFT Corporation to simplify the way members access and spend their medical aid funds through a secure, digital wallet solution named Momentum HealthSaver.

Momentum’s challenges:

The solution Momentum HealthSaver, enabled by EFT Corporation.

Provided a BaaS platform to enable their members to securely store and spend healthcare funds through an approved network of merchants. With our BaaS Technology, Momentum now delivers:

Ready to start scaling?