Payfast Founder Invests In South African Smart-ring Maker Vezopay

The company, which was founded by Jake Pinkus and Lawrence Baker, recently launched a series of South African-designed payment rings, with prices starting from R2 100. The idea is users no longer have to carry a bank card or even their phone to conduct transactions at the point of sale.

Now the company has announced that Smit has joined the company as an investor and advisor. Smit's expertise in the payments industry should be an asset to VezoPay as it looks to expand its presence in the payments arena. Smit was one of the first users of VezoPay's Vezo Ring.