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The Association of South African Payment Providers (ASAPP) has expanded its membership from eight to 15 companies within its first year of operations, strengthening its role as a collective voice for fintech payment providers.

The Association of South African Payment Providers (ASAPP) has expanded its membership from eight to 15 companies within its first year of operations, strengthening its role as a collective voice for fintech payment providers.

ASAPP EXPANDS MEMBERSHIP AND STRENGTHENS REGULATORY VOICE FOR SOUTH AFRICA’S FINTECH PAYMENT PROVIDERS

I still remember the first time Mama Thandi showed me her spaza shop counter in KwaZakhele in Gqeberha. Crumpled notes next to three different QR codes. A customer wanting to pay with her phone, fumbling between apps. Mama Thandi smiling through the frustration because she knows every rand counts when you are feeding a family and keeping a community alive.

We think that one of the key areas to stimulate growth is to open up the payments environment to allow non-banks to participate fully

The Reserve Bank will let digital payment firms handle some banking tasks as it reviews regulations to enable non-banks to process payments.

The launch of a new association aims to promote financial inclusion and digital payment growth in South Africa’s underbanked communities.

ASAPP to contribute to inclusive financial sector

ASAPP president and Lesaka Technologies CEO Lincoln Mali . South Africa has a large underbanked community, with many people still...