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June 5, 2025
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Fincra Secures Payment Provider License in South Africa in Partnership with Nedbank

Fincra Secures Payment Provider License in South Africa in Partnership with Nedbank

Fincra has secured a Payment Provider license in South Africa, in collaboration with Nedbank. This milestone strengthens its presence in Southern Africa and brings it closer to realising its mission of building the rails for.....

✨ Key Highlights

Fincra has obtained a Payment Provider license in South Africa through a partnership with Nedbank, enhancing its operational footprint in Southern Africa.

  • License Authorizes: Credit and Debit Card payments, EFT Credits, Real-Time Clearing, and Rapid Payments.
  • Key Organization: Fincra, in collaboration with Nedbank.
  • Impact: Enables businesses to process financial transactions seamlessly and comply with South Africa's regulatory standards for faster settlement times.

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Financial Innovations in Africa

Fincra has obtained a payment provider license in South Africa through a partnership with Nedbank. Kredete has launched Africa's first stablecoin-backed credit card, aimed at facilitating transactions and providing new financial products. Airtel Money has expanded its 'Rudishiwa' campaign to include bank-to-wallet transfers, offering incentives to users.

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