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Paycorp, a prominent player in South Africa’s payments landscape, has achieved a significant milestone by obtaining a direct clearing system participant license from the South African Reserve Bank (SARB). This pivotal achievement empowers Paycorp to seamlessly facilitate payment transactions directly into the National Payments System through BankServ Africa, as well as on a global scale through its primary memberships with Visa and MasterCard.

Paycorp boasts a comprehensive suite of solutions catering to various segments of the payments industry, including ATM/point-of-sale (POS) networks, card issuers, acquirers, and fintech partners. Operating across Southern Africa, Central and Eastern Europe, and the United Kingdom, Paycorp specializes in delivering top-notch payment processing services.

With subsidiaries spanning multiple countries, Paycorp manages an extensive network of ATMs, provides ATMs-as-a-service, and offers an array of payment services, including transaction processing for both ATM and POS terminals. The company’s cutting-edge processing platform is designed for seamless integration with diverse partners, catering to traditional payment channels as well as innovative avenues like cardless mobile wallet transactions.

Gavin Reubenson, Chief Information Officer (CIO) of Paycorp, highlighted that the SARB license represents the culmination of strategic collaborations and technological innovation, solidifying Paycorp’s position as a fintech leader.

Wayne Abramson, CEO of Paycorp’s ATM Solutions, emphasized the significance of this designation in fostering financial inclusion and establishing Paycorp as a trusted, secure, and strategic partner for a wide range of businesses seeking effective and reliable payment solutions.

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