SPAYZ.io targets expansion in South Africa, Egypt, and Cameroon
Payment solutions provider SPAYZ.io has expanded its operations into three African markets: South Africa, Egypt, and Cameroon.
This initiative is part of the company's strategy to enhance digital commerce by offering localised payment options in African markets.
The fintech firm has been assessing potential markets in Africa, with a focus on understanding the regulatory environments, market demands, and opportunities for local partnerships.
The company announced that by the end of 2025, its services will be available in multiple new countries within its network.
In South Africa, SPAYZ.io plans to enable EFT Bank Transfers across major markets.
Additionally, the company will introduce Mobile Money solutions in Egypt and Cameroon.
SPAYZ.io head of strategic partnerships Dmitrii commented: "It is important that we don't rush into new markets just for the sake of expansion. Instead, we take a deliberate and thoughtful approach to growth that is long-term, ensuring our payment solutions are stable and easy to access.
'Every market we enter is the result of careful research, strategic planning, and a deep understanding of the local ecosystem. It's the reason why Africa is a priority region for us.
"Our planned launches in South Africa, Egypt and Cameroon reflect our approach. We are giving our clients access to markets with a burgeoning consumer base, driven by the rapid adoption of new technologies. I look forward to seeing the new opportunities these launches will open to our partners, and look forward to discussing our plans during our participation at FMAS later this month."
This follows SPAYZ.io expansion in Nigeria, Japan, and the Philippines, where the company announced new payment services earlier this year.
"SPAYZ.io targets expansion in South Africa, Egypt, and Cameroon " was originally created and published by Electronic Payments International, a GlobalData owned brand.
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