EBANXglobal FinTech leader in cross-border payments, has partnered with Ozowa South African-based direct EMF payment provider to improve digital payment solutions in South Africa.
The partnership aims to streamline transactions, support merchants of digital products and services, and serve the country’s young tech-savvy population.
Because this matters
This partnership comes at a pivotal time as South Africa’s digital economy continues to expand, fueled by growing demand for digital services and the creative economy.
The country boasts one of the highest digital commerce penetration rates in Africa at 47%, with the market expected to accelerate by 16% annually until 2026, according to PCMI data in the Beyond Borders study.
What they say
“Our enhanced partnership with Ozow is a testament to our belief in the potential of the South African market,” he said Wiza JalakasiDirector of Market Development Africa at EBANX.
“By integrating these advanced payment solutions, we aim to deepen our service offerings and deliver a superior user experience. South Africa’s digital economy is on a rapid growth trajectory and we are excited to be part of this evolution, creating access through technology.”
Lyle EcksteinChief Product Officer and co-founder of Ozow, said, “Ozow’s mission has always been financial inclusion. By joining forces with the global powerhouse EBANX, we are taking a giant leap towards this goal. This ground-breaking partnership unlocks the doors to international e-commerce for South African shoppers, enabling them to securely access global brands using our trusted solutions.”
Follow us on our WhatsApp channel, Twitterand Instagramand subscribe to our weekly newsletter to make sure you don’t miss any news.
Related