Paycorp Advances Financial Inclusion in SA through SARB Approval and Card Alliances - IT News Africa | Business Technology, Telecoms and Startup News

Paycorp, a prominent payment solutions provider, has gained clearance from the South African Reserve Bank as a direct clearing system participant. This accreditation empowers Paycorp to directly process payment transactions within the National Payments System through BankServ Africa and internationally via its primary memberships with Visa and MasterCard.

Gavin Reubenson, CIO of Paycorp, underscores that this achievement is the result of strategic partnerships and an unrelenting pursuit of technological advancement. Reubenson notes, “Paycorp facilitates seamless and secure financial transactions. As an innovative fintech, we consistently refine our offerings to ensure this.”

The company’s Cash Express ATM network stands as South Africa’s largest independent ATM network, strategically placing ATMs in proximity to residential, commercial, and retail spaces in collaboration with banks and retailers. Paycorp’s secure processing platform seamlessly integrates with numerous partners, covering traditional payment rails like Visa, MasterCard, and BankservAfrica, along with cardless cash-out transactions from mobile wallets.

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