A new contender enters the African payments industry - IT News Africa - Up to date technology news, IT news, Digital news, Telecom news, Mobile news, Gadgets news, Analysis and Reports

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A new contender enters the African payments industry -A team of highly-experienced payments industry professionals have today launched the enza group (enza), a payments company focused on... -

, a payments company focused on servicing the growing needs of banks, fintechs, and MNOs across the African continent.

McKinsey estimating that only 5 to 7 percent of all payment transactions in Africa are made via electronic or digital channels enza has been formed to address this rapidly growing market demand and further accelerate the displacement of cash. The company is spear-headed by Group CEO Hany Fekry and Group COO Hamish Houston, both of whom were instrumental in the growth of the EMP Group, which serviced more than 180 banks across Africa.

Hany Fekry, Group CEO, enza group, said: “We have created enza because so many payments challenges remain unsolved across the African continent. Our focus is on creating a seamless digital fabric between the payments’ channels, schemes, integrations etc. so that enza enables clients to access anything they need, even if we don’t provide the service natively.”

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