Fincra secures South Africa licence to expand cross-border payments

In South Africa, it enters a competitive market that includes players like Yoco, Ozow, and Peach Payments

Fincra, a fintech infrastructure provider specializing in cross-border payments, has secured a Third Party Payments Provider (TPPP) license in South Africa. This critical regulatory milestone reinforces Fincra's ability to offer compliant payment services in Africa's most advanced financial market.

The TPPP license significantly strengthens Fincra's local operations and regulatory compliance in South Africa. It enables the company to process a full range of payment types, including debit and credit card payments, electronic funds transfers (EFTs), real-time clearing (RTC), and rapid payments. This authorization allows Fincra to provide end-to-end payment services, from collections to settlements, through multiple local payment rails.

This move aligns with Fincra's broader strategy to build a continent-wide payment network. The company aims to differentiate itself in the competitive South African market, which includes players like Yoco, Ozow, and Peach Payments, through its API-driven infrastructure and extensive cross-border reach.

Fincra's payment solutions are specifically tailored for businesses such as e-commerce platforms, logistics providers, B2B marketplaces, and travel firms. For these clients, the new license will provide faster settlements, enhanced reliability, and full regulatory compliance, allowing them to expand in Southern Africa without needing to build proprietary financial infrastructure.

Fincra's progress reflects a growing trend among African fintechs that are evolving from offering point solutions to becoming full-stack infrastructure providers. With existing operations in Ghana, Kenya, Uganda, Europe, and the UK, this South African license adds significant credibility to Fincra's growth narrative and signals increased confidence from regulators in emerging African fintech leaders. The company is strategically positioning itself as a unified gateway for both intra-African and global payments.