What is Ozow
Electronic funds transfer (EFT) is the electronic transfer of money from one bank account to another, either within a single financial institution or across multiple institutions, through computer-based systems and without the direct intervention of bank staff.
How does Ozow work?
Which banks are supported by Ozow?
Currently we can process Instant EFT when shoppers have accounts with South Africa’s six major banks in South Africa: ABSA, FNB, Nedbank, Standard Bank, Capitec and Investec.
How safe is it using Ozow?
When making use of the Ozow service, the communication between you and your bank occurs as it normally would therefore the security of your bank’s internet banking is inherited.
Ozow has a Thawte EV SSL encryption certificate which gives our payment processing service an extremely high level of security
This ensures that all messages travelling between your browser and Ozow are encrypted
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