Fincra, a fast-growing payment infrastructure company serving remittance firms and businesses, has secured a Third Party Payments Provider (TPPP) licence in South Africa. The regulatory approval allows the company to process key local payment methods, including debit and credit card transactions, electronic funds transfers (EFTs), real-time clearing (RTC), and rapid payments, solidifying its presence in one of Africa’s most advanced financial markets.
This move aligns with Fincra’s broader mission to expand its cross-border payment infrastructure and deepen its footprint across the continent. By tapping into South Africa’s payment rails, the company aims to deliver faster, more reliable, and compliant payment services to its clients. These include e-commerce platforms, logistics companies, B2B marketplaces, and travel providers seeking efficient settlement solutions and greater regional coverage.
Fincra now joins a competitive landscape in South Africa alongside fintech players like Yoco, Ozow, and Peach Payments. Despite the rivalry, the company sees its regulatory compliance and API-driven technology as strategic advantages in addressing the continent’s fragmented payment systems.
According to the company’s CEO and Co-founder, the licence marks a key step toward building the infrastructure needed for a more integrated Africa. The firm reiterated its commitment to supporting compliant, scalable, and continent-wide financial solutions.
The development also follows Fincra’s recent appointment of a new Chief Commercial and Growth Officer, a former fintech CEO, who called the licence a “game-changer” for businesses seeking regional expansion.
With backing from partnerships with Tier-1 banks and a robust API suite, Fincra has processed over $10 billion in transactions since 2023. Its network currently spans Ghana, Kenya, Uganda, the UK, Europe, and North America, with South Africa now positioned as a key gateway for its continued growth.
