Fincra receives South African payment licence - Trade Treasury Payments

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Fincra receives South African payment licence

Fincra, a payments fintech, has been granted a Third Party Payments Provider (TPPP) licence by South Africa’s financial regulators. This licence will allow the company, which was launched in September 2021, to facilitate local transactions through cards, EFTs, real-time clearing, and rapid payments and to operate in line with South Africa’s formal payment regulations. 

South Africa’s current market includes local payment providers such as Yoco, Ozow, and Peach Payments.

Ayowole Ayodele, CEO and co-founder of Fincra, said, “Securing the TPPP licence in South Africa is a significant step toward realising our mission to build the rails for an integrated Africa. It reinforces our commitment to building compliant, reliable infrastructure that powers cross-border trade at scale. We’re excited about the opportunities this opens for businesses across the continent.”

South Africa has one of the continent’s most developed financial ecosystems. To operate in this environment, companies like Fincra must have formal authorisation. With the licence, Fincra can now provide local settlement capabilities while aligning with local regulations, both being key requirements for serving enterprise clients in cross-border transactions.

Fincra’s approval in South Africa follows a series of market entries in other jurisdictions, including Ghana, Kenya, Uganda, the UK, Europe, and North America. The company provides businesses with access to programmable payments infrastructure, offering both global collections and local payouts through a unified API.

Its operations are supported by partnerships with tier-one financial institutions and a technology stack designed to integrate local payment methods across multiple geographies.

Licensing has become a strategic consideration for fintechs operating in emerging markets. Beyond fulfilling legal requirements, such approvals often facilitate integration with local banking systems and enable deeper collaboration with enterprise customers.

Fincra’s TPPP licence expands its operational footprint and may support efforts to increase transaction volumes in southern Africa. As digital payment adoption continues to rise across the continent, infrastructure providers with multi-market compliance capabilities are increasingly positioned to support high-growth sectors such as remittances and supply chain finance.