Fincra, a fast-growing African payment infrastructure provider, has reached a major regulatory milestone by obtaining a Third Party Payments Provider (TPPP) licence in South Africa. This licence, issued by the South African Reserve Bank, authorizes the fintech to process essential local payment methods such as debit and credit card transactions, electronic funds transfers (EFTs), real-time clearing (RTC), and rapid payments—critical for seamless business operations in the country.
This regulatory win marks a strategic advancement for Fincra as it intensifies its mission to build infrastructure that enables businesses across Africa to send and receive payments reliably and compliantly. With this licence, Fincra positions itself alongside key South African fintech players like Yoco, Ozow, and Peach Payments, in one of Africa’s most mature and competitive payment markets.
“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.”
What the Licence Unlocks
For Fincra’s clientele—including e-commerce platforms, B2B marketplaces, travel aggregators, and logistics providers—the licence translates into:
• Faster payment settlements through local clearing systems.
• High regulatory compliance with South Africa’s financial laws.
• Increased trust and operational scale in the Southern African market.
South Africa boasts a mobile penetration rate of over 95% and a card-based transaction volume exceeding 2.6 billion annually. This provides fertile ground for digital payments to thrive. The country’s e-commerce sector alone is expected to surpass $8 billion by 2026, according to Statista, making it a key strategic market for African fintechs like Fincra.
Growth Beyond Borders
Fincra’s regulatory success is part of a broader strategy. In March 2025, the firm appointed former Bundle CEO Emmanuel Babalola as Chief Commercial and Growth Officer to lead aggressive expansion efforts. His appointment aligns with Fincra’s increasing presence in markets such as Ghana, Kenya, Uganda, the UK, Europe, and North America.
Through strategic partnerships with Tier-1 banks and its robust suite of APIs, Fincra is enabling businesses to collect payments globally and make payouts locally, with an emphasis on speed, security, and scalability.
This new licence sends a clear message: Fincra is building the rails for a truly integrated Africa, one regulatory milestone at a time.
