SPAYZ.io, a leading fintech provider, is expanding its innovative payment solutions into South Africa, Egypt, and Cameroon, aligning with its mission to transform digital commerce in Africa’s high-growth markets. By offering localized payment options, SPAYZ.io aims to capitalize on the continent’s booming digital payments economy, projected to reach $1.5 trillion by 2030.
SPAYZ.io, a global leader in payment solutions, is expanding into South Africa, Egypt, and Cameroon as part of its strategy to enhance digital commerce in Africa’s emerging markets. The fintech has conducted extensive research into regulatory frameworks, market demands, and local partnerships to ensure its solutions are stable and accessible. This move follows SPAYZ.io’s earlier expansions into Nigeria, Japan, and the Philippines, reflecting its commitment to high-growth regions.
In South Africa, SPAYZ.io will enable EFT Bank Transfers, tapping into a card payments market expected to exceed $158 billion in 2025 due to rising digital adoption. In Egypt, the company will introduce Mobile Money solutions, aligning with a digital payments market projected to surpass $104 billion by 2030. Cameroon, a leader in the CEMAC region with 71% of mobile money transactions, will also benefit from SPAYZ.io’s tailored offerings, supporting over half of the region’s transaction value. These solutions cater to underserved markets with significant growth potential.
SPAYZ.io’s expansion is driven by a deliberate approach, as emphasized by Dmitrii, Head of Strategic Partnerships: "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." The company will showcase its plans at the Finance Magnates Africa Summit (FMAS) on May 29-30, 2025, in Cape Town, engaging with industry leaders and partners.
With Africa’s digital payments economy forecasted to reach $1.5 trillion by 2030, SPAYZ.io is well-positioned to drive innovation and accessibility. The company’s focus on localized solutions, such as mobile money and bank transfers, enables businesses to connect with a growing, tech-savvy consumer base. Dmitrii added: "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."
SPAYZ.io’s expansion into South Africa, Egypt, and Cameroon marks a significant step toward redefining digital payments in Africa. By prioritizing localized, scalable solutions and strategic partnerships, the company is poised to empower businesses and consumers in these dynamic markets, contributing to the continent’s digital financial transformation.
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