Fincra, a leading African payment infrastructure provider, has obtained a Third Party Payments Provider (TPPP) licence in South Africa. This regulatory milestone allows the company to process major local payment methods, including debit and credit card transactions, electronic funds transfers (EFTs), real-time clearing (RTC), and rapid payments.
Expanding Africa’s Cross-Border Payment Infrastructure
The licence supports Fincra’s strategic goal of expanding its cross-border payment network and reinforcing its presence in key African markets. By leveraging multiple payment rails, the company aims to build a more connected and efficient financial ecosystem across the continent.
“Securing the TPPP licence in South Africa is a significant step toward realising our mission to build the rails for an integrated Africa,” said Ayowole Ayodele, CEO and Co-founder of Fincra. “It reinforces our commitment to building compliant, reliable infrastructure that powers cross-border trade at scale.”
Local Advantage and Competitive Edge
With this new capability, Fincra can offer its clients—including e-commerce platforms, logistics providers, B2B marketplaces, and travel companies—faster settlements, more reliability, and full compliance with South Africa’s stringent financial regulations. In the local market, Fincra will compete with other fintech startups such as Yoco, Ozow, and Peach Payments.
Emmanuel Babalola, Fincra’s Chief Commercial and Growth Officer, called the licence a “game-changer for businesses looking to expand or operate in the region.”
Backed by APIs and Strategic Partnerships
Fincra’s regulatory achievement comes shortly after the appointment of former Bundle CEO Emmanuel Babalola. The company has built strong partnerships with Tier-1 banks and offers a suite of powerful APIs that help businesses collect payments globally and make payouts locally.
With operations already spanning Ghana, Kenya, Uganda, the UK, Europe, and North America, Fincra continues to position itself as a key player in Africa’s fintech revolution.
