In order to enable global merchants to operate seamlessly in Africa, we have initiated a strategic partnership with Precium, a leading South African enterprise payments platform. Together, we aim to simplify expansion into African markets and ensure that merchants are able to process transactions, securely and efficiently.
Addressing market entry challenges
Entering emerging markets like South Africa presents unique complexities for global businesses. Successfully managing regulatory frameworks, tax obligations and local payment practices is essential for operational efficiency and customer satisfaction. Previously, businesses faced two challenging options: paying high costs to operate internationally through card networks or undertaking resource-intensive local incorporation. Both approaches led to difficulties with payment success rates, currency fluctuations and compliance risks.
The partnership with Precium directly addresses these challenges by providing global merchants straightforward access to local payment processing, reducing operational complexities and unlocking new revenue opportunities in South Africa.
Local innovation for payment success
Precium's payment platform is specifically designed for enterprises operating in South Africa.
With deep expertise in regional infrastructure and payment behaviours, Precium delivers locally compliant solutions through:
Local payment methods
The platform processes both recurring and single transactions across multiple payment types, including card payments, EFT debit orders, DebiCheck and Capitec Pay. This comprehensive approach helps merchants reach more South African consumers, particularly those who want to use familiar payment methods.
Simplified, but optimised payment flows
With a single integration, Precium provides access to optimisation features like network tokenization and smart routing. These capabilities are all part of a single, modular platform, so that merchants can consume the capabilities they need within their existing payment architecture and business systems.
Regulatory excellence
Precium is PCI DSS compliant, adhering to the highest card payment security and data protection standards globally. In addition, Precium is sponsored by PASA as a TPPP and SO, a licensed Payment Facilitator with the major Card Schemes, and is a licensed FSP.
By advising and managing compliance matters on behalf of merchants, Precium ensures optimal success rates, customer experience, and compliance.
Always-on, proactive support
Precium offers a robust monitoring and alerting system, with a dedicated Support and Product Operations team that monitors platform and processing health and proactively notifies our clients and Customer Success teams of any issues.
Read more about what to expect when partnering with Precium here.
Through this partnership, we can combine our localisation expertise with Precium's proven payment solutions to enable merchants to expand confidently.
"Our mission centres on unlocking Africa's potential by removing barriers for global businesses. Precium's payment platform provides the essential infrastructure businesses need to scale efficiently in South Africa. Together, we're helping merchants connect seamlessly with local consumers and achieve sustainable growth,” says Erica Bester, Managing Director.
This collaboration marks a significant step in supporting global SaaS businesses, digital service providers and payment orchestrators to succeed in Africa. Merchants can accelerate their market entry, reduce costs and maximise their reach in one of Africa's most dynamic economies.
