June 23, 2024

FINTECH MAGAZINE AFRICA

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EBANX And Ozow Expand Strategic Partnership to Enhance Digital Payment Solutions in South Africa

1 min read

EBANX, a global leader in cross-border payments, has announced an expanded strategic partnership with Ozow, South Africa’s premier provider of instant EFT payments. 

This collaboration aims to streamline transactions, support merchants of digital products and services, and cater to the country’s young, tech-savvy population.

Speaking on the partnership, Wiza Jalakasi, director of Africa market development at EBANX said,

“Our enhanced collaboration with Ozow is a testament to our belief in the potential of the South African market. By integrating these advanced payment solutions, we aim to deepen our service offerings and deliver a superior user experience. South Africa’s digital economy is on a rapid growth trajectory, and we are excited to be a part of this evolution, creating access through technology.”

Also speaking, Lyle Eckstein, chief product officer and co-founder of Ozow said,

“Ozow’s mission has always been financial inclusivity. By joining forces with global powerhouse EBANX, we are taking a giant leap towards that goal. This groundbreaking partnership unlocks the doors to international e-commerce for South African shoppers, empowering them to securely access global brands using our trusted solutions.”

Ozow links businesses of all sizes in South Africa with 47 million bank account holders to transact simply and securely. Thousands of South Africa’s businesses trust Ozow as a payment solution. The firm’s partnership with EBANX comes as South Africa’s digital economy continues to expand, fuelled by increasing demand for digital services and the creative economy. 

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