Fincra Obtains South African Payment Provider License in Strategic Collaboration with Nedbank
With this license, Fincra can now integrate directly with South Africa’s core payment systems and banking networks, ensuring faster settlement times, enhanced reliability, and full adherence to local regulatory requirements.
Fincra has officially secured its Payment Provider license (TPPP) in South Africa, marking a major milestone in its mission to build seamless financial infrastructure across Africa. This achievement was realized through a strategic collaboration with Nedbank , one of South Africa’s leading banks.
The newly granted license authorizes Fincra to process a range of payment methods, including credit and debit card payments, Electronic Funds Transfer (EFT) credits, Real-Time Clearing (RTC), and rapid payments. This expanded capability positions Fincra as a key player in facilitating smooth and compliant financial transactions for businesses operating within South Africa and beyond.
With this license, Fincra can now integrate directly with South Africa’s core payment systems and banking networks, ensuring faster settlement times, enhanced reliability, and full adherence to local regulatory requirements. This is especially significant for businesses involved in e-commerce, logistics, B2B marketplaces, and travel that aim to scale across borders with ease.
Fincra’s CEO described the license as a critical step toward creating the “rails for an integrated Africa,” enabling African businesses to compete on a global stage through frictionless cross-border payments.
This development not only strengthens Fincra’s regulatory footprint but also highlights its growing partnerships with Tier-1 banks, signaling a promising future for payments innovation across the continent.
