Fincra has secured a Payment Provider license in South Africa, in collaboration with Nedbank. This milestone strengthens its presence in Southern Africa and brings it closer to realising its mission of building the rails for an integrated Africa.
With this license, Fincra is authorised to process:
- Credit Card payments
- Debit Card payments
- EFT (Electronic Funds Transfer) Credits
- Real-Time Clearing (RTC)
- Rapid Payments
What The Payment Provider License in South Africa Means for Businesses
This reinforces Fincra’s ability to facilitate seamless, secure, and compliant financial transactions for businesses operating within and across South Africa. It’s a pivotal step in the company’s mission to build the financial rails for an integrated Africa, one where businesses can move money simply, quickly, and across borders without friction.
“Moreover, this development is more than just a regulatory win. We’re now able to integrate directly with South Africa’s core payment systems and banks. This gives businesses using our infrastructure faster settlement times, greater reliability, and the assurance of full compliance with South Africa’s regulatory standards,” the company said.
This is built for businesses that want to scale across borders, whether they are in e-commerce, logistics, B2B marketplaces, or travel.
“We’ve built it for African businesses that want to play on a global stage,” the company concluded in a statement.
Also Read: Fincra Secures Regulatory Approval to Operate as Payment System Provider in Tanzania
