Fincra has received a Third Party Payment Provider (TPPP) license in South Africa, allowing businesses in one of Africa’s largest economies to access its payment solutions.
Fincra’s vision is to build an infrastructure that makes it possible to send and receive value in Africa and around the world as easily as sending a text message. Their mission is to build the infrastructure to digitally connect Africa and the rest of the world.
To achieve this, we need to establish a strong presence across the continent while ensuring full compliance with relevant authorities and institutions. This is why the company can announce that it has been awarded a Third Party Payment Provider (TPPP) license in South Africa.
This green light from the regulator is a major milestone as it will enable Fincra to expand payment services to businesses in South Africa.
Expansion decision
Fincra obtained this license to operate in South Africa for the opportunity to establish a presence in one of the continent’s largest economies. The country ranks first on the International Monetary Fund’s (IMF) list of Africa’s largest economies, with a GDP of USD 373 billion, driven by industrialization and a diverse economic mix within the country, including manufacturing, mining, agriculture, and tourism. It is listed in the first place.
Start Fincra in South Africa
To start using Fincra, businesses can easily create an account by signing up through the platform. The process is quick and free, and users can register in just 3 minutes. After registration, businesses must complete a know-your-customer (KYC) process before they can begin collecting payments. If you already have a Fincra account, simply log into your existing account to explore payment solutions in South Africa.
When applying for a Fincra account in South Africa, businesses must submit the necessary registration documents and identification documents. This ensures compliance with local regulations and allows for smooth onboarding. Fincra is committed to serving legitimate, registered, and pre-approved businesses nationwide.
Payment methods available for businesses
Fincra’s payment solutions enable South African businesses to provide an efficient payment experience to their customers. Card payments are also available, allowing for smooth transactions.
If you have further questions about Fincra’s payment services and support in South Africa, our sales team is available to provide support and guidance.
