Paymentology, a global leader in issuer processing, has launched PayoCard, a mobile-first card management solution designed to enhance access to digital financial services across South Africa. The new platform allows digital banks and fintechs to launch fully functional, self-service card offerings faster and with lower complexity. As the first card platform of its kind offered by a processor in the region, PayoCard marks a significant step toward inclusive, mobile-driven financial ecosystems.
Streamlining Digital Card Experiences
Delivering digital card services has traditionally been a costly and resource-intensive process, particularly for smaller financial institutions. PayoCard addresses this challenge by offering a plug-and-play model that enables secure and intuitive mobile experiences for end users. From real-time balance checks to PIN resets and card freezing, the platform provides everything users need to manage their cards via a single app interface.
Driving Financial Inclusion Through Simplicity
For many South Africans, a loyalty or disbursement card is their first step into formal financial systems. PayoCard enhances that journey by offering an app-based experience from the start, allowing users to become familiar with managing finances digitally. This helps build trust and digital literacy, laying the groundwork for deeper engagement with advanced financial products down the line.
A Solution Built for South Africa’s Mobile Economy
With 91% of South Africans owning mobile phones and a strong national push towards digital transformation, the demand for accessible card services has never been higher. PayoCard responds to this demand by equipping issuers with a compliant, cloud-powered tool that integrates smoothly into existing systems. The platform not only accelerates time to market but also helps banks and fintechs stay ahead in a rapidly evolving payments landscape.
Redefining the User Experience
PayoCard significantly improves the customer journey by shifting card control from ATMs and call centres to the palm of the user's hand. Instead of waiting in queues or navigating complex systems, users can access everything they need through a streamlined mobile interface. This change enhances user confidence and control while reducing operational burdens for financial institutions.
Supporting Banks and Fintechs with Scalable Infrastructure
For digital banks and fintechs, PayoCard reduces time-to-market and eases integration headaches while maintaining full PCI DSS compliance. The platform’s self-service tools also help lower support costs and improve service delivery. With South Africa’s card payments market expected to reach $206.2 billion by 2029, PayoCard enables institutions to scale securely and sustainably.
Continued Growth and Local Investment
The launch of PayoCard is the latest in a series of strategic moves by Paymentology to strengthen its presence in South Africa. This includes relocating its regional headquarters to Sandton, Johannesburg, and expanding its client base, which features prominent institutions such as Standard Bank, Tyme, Old Mutual Bank, and Mukuru. These efforts reflect Paymentology’s commitment to supporting local fintech growth through infrastructure, partnerships, and innovation.
Collaboration and Commitment to Inclusion
Paymentology recently deepened its partnership with Mastercard to increase access to compliant physical and virtual cards in underserved areas. As part of its broader mission, the company also hosted a fintech roadshow in Cape Town, gathering voices from across the industry to discuss mobile-first strategies for inclusive banking. These initiatives reinforce Paymentology’s vision of building smarter, more inclusive digital ecosystems across the continent.
With PayoCard, Paymentology is reshaping what digital banking can look like in South Africa. By equipping issuers with the tools to launch secure, user-friendly card services at scale, the company is setting new benchmarks for financial inclusion and customer empowerment. As South Africa’s fintech landscape continues to grow, PayoCard offers a timely and transformative solution for connecting more people to the digital economy.