From Yahoo Finance: 2025-06-02 05:00:00

UK-based fintech firm Fincra secures payment provider licence in South Africa with Nedbank partnership. The licence allows processing of credit/debit card payments, EFT, RTC, and rapid payments, enhancing foothold in Southern Africa. Fincra specializes in payment infrastructure for global payments and local payouts, aiding businesses in financial transactions.

Fincra’s services enable businesses to launch remittance services, streamline payroll processes, and enter new African markets. With the new licence, Fincra can integrate directly with South Africa’s core payment systems and banking networks, offering faster settlement times and compliance with regulatory standards. Businesses in e-commerce, logistics, B2B marketplaces, and travel can benefit from Fincra’s solutions.

Fincra appoints Emmanuel Babalola as chief commercial and growth officer, bringing experience in African fintech and leading Binance’s expansion in 40+ markets. Babalola co-founded Bundle, a social payments app for cash and cryptocurrency transactions. Fincra continues to strengthen its presence in the African financial sector with strategic hires and partnerships.

Read more: Fincra gains payment provider licence in South Africa