FASTA Is A Fintech That Aims To Provide South Africans With Simple And Quick Financial Services. FASTA is an online consumer finance business that offers South Africans a range of financial services products both directly and through partnerships with leading retailers and online merchants in South Africa. Its purpose is to provide consumers with access to financial resource, simply and quickly. The company does this by delivering innovative payment solutions for consumers and retail partnerships through an efficient, online, self-service application.
Its product, FASTACard is South Africa’s first credit enabled virtual card that replaces the need for a physical debit or credit card. It can be used to make online purchases on any website where a Mastercard is accepted, globally. The FASTACard can be loaded to contactless Smartphone payment applications, such as Zapper and Masterpass or to pay for subscription and services such as Netflix or Uber. FASTACash is credit paid into the client’s bank account to use anywhere and anytime – it’s cash. FASTACheckout lets clients fund their online purchases at checkout using access to credit without leaving the retailer’s website. FASTA pays the retailer or service provider and the consumer repays FASTA in up to three monthly instalments.
Its application process is secure, self-service and entirely online, the outcome and funding provided in minutes. The funding can be secured without a credit card. FASTA is registered credit provider in terms of the National Credit Act (NCA) operating under registration number NCRCP10591. It strictly adhere to all regulations applicable to responsible lending.
Fasta offers customers access to immediate credit options for use both online and in-store. These offerings are presented after an application process that is fast to complete. One of the application outcomes, if a customer is successful, is the issuing of a Mastercard virtual card that can be used by the customer either online, anywhere Mastercard is accepted, or in store, anywhere Masterpass or SnapScan is accepted.
