30-Jan-25, IT Web
The e-commerce sector has hailed the launch of the Association for South African Payment Providers (ASAPP), a fintech body that aims to contribute to creating a progressive digital payments ecosystem in the country.
Tech%20Africa%20News.jpg "New Industry Alliance ASAPP Aims to Advance Payments in South Africa (c)Tech Africa News")
Image: Tech Africa News
The newly-formed association aims to help ensure fair access to payment infrastructure, reduce the wholesale cost of digital payments, and enhance transparency and customer mobility in SA’s payment ecosystem for individuals and businesses.
The new body’s objectives will help resolve pain points experienced during online payment processing. These include a lack of seamless technology integration with the merchant’s site, delayed payments, fraud risks and huge payment costs.