Latest news with #PPRO
Finextra
30-05-2025
- Business
- Finextra
PPRO launches subscriptions for local payments
PPRO, the leading local payments platform, today announced the launch of Subscriptions for Local Payments. 0 The dedicated solution empowers Payment Service Providers (PSPs) and merchants operating in the subscription economy to accelerate growth through optimised local payment strategies. The new solution enables customers to optimise their payments strategy and checkout journeys through dedicated access to functionality that drives incremental revenue by expanding access to local consumers, increasing loyalty, and reducing cost to create and manage an optimised payment experience. Through Subscriptions for Local Payments, businesses can access: • The payment methods that matter in the subscription economy - local payment methods and local cards such as Twint and Bancontact with native recurring functionality. • PPRO-signature recurring enhancements - PPRO's advanced platform capabilities elevate schemes that don't offer native recurring, enhancing the functionality to become subscription-ready. • Feature flows fit for the subscription economy - Dedicated features help cut down on free trial abuse, reduce payment declines, allow flexible billing, make onboarding friction-free, and more. • Dedicated subscription expertise - focused on maximising conversion rates and minimising drop-offs, the PPRO team's deep local payments expertise serves as dedicated support to subscription customers. Motie Bring, PPRO CEO, said 'With the subscription economy projected to be worth almost $1 trillion by 2028, the opportunities and competition are rapidly intensifying for businesses operating subscription models. Local payments are central to capturing this growth, helping merchants and PSPs reach more customers and stay competitive in a growing market." With a growing number of consumers choosing to pay local, accessing some of the world's largest ecommerce markets means understanding and optimising recurring local payments, from local cards to local schemes. For subscription-based businesses, offering the right payment method at checkout, and the right features in place to optimise conversion and recurring payments, are critical to success for sustained growth and retaining a competitive edge.
Zawya
22-05-2025
- Business
- Zawya
South Africa: Strategic push for pan-African payment solutions as Onafriq appoints new executive
Africa's digital payments network, Onafriq has announced the appointment of Simon Black as an independent non-executive director on the Board of Directors of its holding company, Onafriq UK Holdings Limited, effective immediately. A highly respected leader in the global fintech ecosystem, Black brings over three decades of experience building and scaling payments and technology platforms to support Onafriq's next phase of growth. Black has earned industry-wide recognition for transforming high-potential fintech and software businesses into market leaders. During his tenure as chief executive officer of PPRO from 2015 to 2023, he steered the German-based payments infrastructure provider from an emerging start-up to a formidable global player, driving revenue growth beyond €100m while expanding the team to more than 500 professionals across many markets. Previously, as chief executive officer of Sage Pay, Black orchestrated tenfold revenue growth, establishing the company as a leading force in SME e-commerce payments. Guiding transformational growth Black's appointment underscores Onafriq's commitment to assembling world-class leadership capable of propelling the company's infrastructure across Africa and beyond. His global perspective and proven success in forging partnerships with industry giants will prove invaluable as Onafriq cements its position as the definitive network of networks for African payments. Black's appointment comes at a transformative moment in Onafriq's journey, said Dare Okoudjou, founder and chief executive officer of Onafriq. "To fulfil our mission of making borders matter less across Africa, we must build upon strong foundations to create an even more resilient and innovative business. Black's exceptional track record of scaling fintech leaders and navigating complexity makes him the ideal chair to guide this next phase." His strategic expertise will be instrumental as we strengthen our position as Africa's payments infrastructure backbone and accelerate financial inclusion throughout the continent. As Chair, Black will work closely with Okoudjou, the executive team, Board, and the shareholder base to provide strategic guidance, focusing on cross-border scale, global partnerships, and long-term value creation. 'Joining Onafriq is not only a professional privilege, but a personal commitment to a mission I deeply believe in,' said Black. The company has built what is arguably the most extensive and sophisticated digital payments infrastructure on the continent—connecting over 500 million wallets and 200 million bank accounts across 42 African markets. "That scale, combined with a deep understanding of local markets, uniquely positions Onafriq to solve the continent's most pressing payment challenges. I'm excited to support the team in shaping the future of cross-border finance in Africa and enabling seamless commerce at a scale the world hasn't seen before."
