Paymentology has partnered with Bank Zero to support access to digital banking in South Africa.
As Bank Zero’s first alliance partner, Paymentology provides the infrastructure needed for organisations to participate more easily in financial services.
Bank Zero is a branchless, app-driven bank focused on digital banking solutions, while Paymentology brings over 20 years of card processing experience in Africa.
The collaboration combines local market insight with scalable payments infrastructure and operational expertise to meet South Africa’s regulatory and data residency requirements.
The partnership allows fintechs, retailers, SMEs and digital platforms to offer tailored financial products through flexible Mastercard card issuing, supported by digital-first infrastructure that simplifies onboarding, improves customer experience, and speeds time to market.
Kesheni Moodley, Regional Director for Africa at Paymentology, said:
“By combining our global card processing expertise with Bank Zero’s digital banking capabilities, alongside our shared strong local presence in South Africa, we are creating new opportunities for businesses to innovate and scale in the country’s rapidly evolving payments landscape.”
Although South Africa has an advanced financial market, people still rely heavily on cash in daily transactions.
Digital payment adoption is growing rapidly: over 70% of consumers have used digital wallets such as Apple Pay or Google Pay, over 60% of in-person payments are contactless, and 90% of SMEs have adopted digital payments.
Lezanne Human, Co-Founder of Bank Zero, said:
“South Africa has a strong financial system, but there is still significant opportunity to simplify the customer offering, making it more easily accessible and faster for businesses and customers alike. We are excited about opening up new possibilities for those organisations looking to participate in the financial ecosystem, through our Paymentology partnership.”
Featured image credit: Edited by Fintech News UAE, based on image by user23413193 via Freepik
