Fincra gets South African payments licence to deepen African reach

Fincra, a payment infrastructure provider that serves remittance companies and businesses, has obtained a Third Party Payments Provider (TPPP) licence in South Africa, allowing the company to process key local payment methods including debit and credit card transactions, electronic funds transfers (EFTs), real-time clearing (RTC), and rapid payments.

The licence aligns with Fincra’s ambition to expand its cross-border payment infrastructure and deepen its footprint across the continent through multiple payment rails. In South Africa, Fincra competes with other fintech startups, such as Yoco, Ozow, and Peach Payments, offering similar services.

“Securing the TPPP licence in South Africa is a significant step toward realising our mission to build the rails for an integrated Africa,” said Ayowole Ayodele, CEO and Co-founder of Fincra. “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.”

The licence gives Fincra’s clients—including e-commerce platforms, logistics providers, B2B marketplaces, and travel companies—access to faster settlements, greater reliability, and full compliance with South Africa’s stringent financial regulations.

Emmanuel Babalola, Fincra’s Chief Commercial and Growth Officer, described the development as a “game-changer for businesses looking to expand or operate in the region, and a strong signal of Fincra’s continued focus on enabling growth for our customers.”

This regulatory milestone comes three months after the company appointed former Bundle CEO Emmanuel Babalola as chief commercial and growth officer. Fincra’s regulatory progress is complemented by its partnerships with Tier-1 banks and its innovative suite of APIs, which enable businesses to collect payments globally and make payouts locally. The company has processed over $10 billion in transactions since 2023 and continues to expand its reach across Ghana, Kenya, Uganda, the UK, Europe, and North America.

Mark your calendars!  Moonshot by TechCabal is back in Lagos on October 15–16! Join Africa’s top founders, creatives & tech leaders for 2 days of keynotes, mixers & future-forward ideas. Early bird tickets now 20% off—don’t snooze! moonshot.techcabal.com.

ObadeYemi

Adeyemi is a certified performance digital marketing professional who is passionate about data-driven storytelling that does not only endear brands to their audiences but also ensures repeat sales. He has worked with businesses across FinTech, IT, Cloud Computing, Human Resources, Food & Beverages, Education, Medicine, Media, and Blockchain, some of which have achieved 80% increase in visibility, 186% increase in month on month sales and revenue.. His competences include Digital Strategy, Search Engine Optimization, Paid per Click Advertising, Data Visualization & Analytics, Lead Generation, Sales Growth and Content Marketing.

Share
Published by
ObadeYemi

Recent Posts

10 best email marketing tools for financial service businesses in 2025

Running a financial-services business is about far more than moving money in and out of…

7 hours ago

10 best email marketing tools for event planning businesses in 2025

Planning events is about more than venue bookings and catering — it’s about orchestrating countless…

1 day ago

6 best email marketing tools for cleaning companies in 2025

Running a cleaning company is about more than mops and elbow grease — it’s about…

1 day ago

Loop Marketing vs Inbound Marketing: How they work together

TL;DR: Loop marketing enhances inbound marketing for the AI era by adding four continuous stages…

1 day ago

How to Structure Content for Multi-Turn AI Retrieval and Conversational Search

How to Structure Content for Multi-Turn AI Retrieval and Conversational Search Generative AI has changed…

1 day ago

When the doctor won’t listen to you, MyDébboApp bets it will

She asked me to give her a symptom, something ordinary and real. I mentioned a…

1 day ago