Fincra, a fintech company that provides payment infrastructure for businesses and remittance services, has received a Third Party Payment Provider (TPPP) licence in South Africa. This licence allows Fincra to process several important local payment options, including debit and credit card payments, electronic funds transfers (EFTs), real-time clearing (RTC), and rapid payments.
This new licence supports Fincra’s goal of building strong cross-border payment systems across Africa. With this approval, Fincra can now offer faster, more reliable payment services while following South Africa’s strict financial rules. The licence also helps the company expand its presence in Africa’s fintech space, where it competes with players such as Yoco, Ozow, and Peach Payments.
“Our TPPP licence is a major step forward in building the tools Africa needs for easier cross-border trade,” said Ayowole Ayodele, Fincra’s CEO and Co-founder. “It shows we are serious about creating reliable and legal payment systems for businesses across the continent.”
Fincra Expands Reach Across Africa And Beyond
With this licence, Fincra’s customers—including online stores, logistics companies, travel agencies, and B2B marketplaces—can enjoy quicker payments, better security, and full legal compliance. The licence makes it easier for these businesses to send and receive money in South Africa without delays or legal issues.
Fincra’s Chief Commercial and Growth Officer, Emmanuel Babalola, called the licence a “game-changer” for businesses planning to grow or operate in South Africa. “This move shows our focus on helping our customers succeed in every market,” he said.
Fincra received this licence just three months after hiring Emmanuel Babalola, the former CEO of Bundle, to help lead growth. The company has also built strong partnerships with top banks and developed easy-to-use APIs that allow businesses to receive global payments and send money locally.
Since 2023, Fincra has processed over $10 billion in transactions. It continues to grow its services across Ghana, Kenya, Uganda, the UK, Europe, and North America.
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