Peach Payments has entered into a strategic partnership with global anti-financial crime platform RelyComply to strengthen its anti-money laundering and know-your-customer infrastructure as it scales across Africa. The African payment service provider wants a compliance stack that can handle rising transaction volumes and complex regulatory requirements without slowing growth. This move follows Peach Payments’ recognition by CB Insights as one of the 100 Most Innovative Fintech Startups of 2024 and underscores its ambition to deepen its role in the continent’s digital payments ecosystem.
Building a Scalable Compliance Backbone
Peach Payments, which operates in South Africa, Kenya, and Mauritius, provides a secure payments gateway for e-commerce platforms, fintechs, and subscription-based businesses that need reliable online and offline payment acceptance. Its recent agreement to acquire West African provider PayDunya, active across six Francophone markets, represents a major step toward creating a broader pan-African presence. To support this expansion, the company is investing in a scalable compliance backbone designed to preserve rigorous regulatory standards while serving more customers and processing higher volumes across multiple jurisdictions.
Automating AML and KYC with RelyComply
Through the partnership, RelyComply will provide a centralized platform for automated identity verification, payment screening, risk profiling, and continuous transaction monitoring. The system consolidates what would typically be fragmented processes, reducing manual workloads, operational risk, and the likelihood of gaps in AML and KYC oversight. Real-time reporting and alert handling are intended to enable Peach Payments’ compliance teams to investigate suspicious activity quickly, improving responsiveness to regulators, merchants, and customers who expect fast, decisive action.
Enabling Cross-Border Payments and Regional Expansion
Peach Payments positions itself as a fast-growing African payment solution provider that makes it easier for businesses to accept, manage, and disburse payments across point-of-sale, web, and mobile channels. Its merchant base spans food delivery services, travel platforms, home cleaning providers, and other consumer-facing businesses that depend on frictionless payments to maintain customer trust. As Peach Payments integrates PayDunya and unlocks new cross-border payment corridors, the ability to keep pace with diverse and evolving regulatory frameworks becomes central to the company’s growth strategy.
RelyComply’s Strategic Role
RelyComply’s platform is designed to give Peach Payments a unified 360 degree view of customers, vendors, and transactions, supported by automated risk assessments and adaptable monitoring rules. This flexibility helps the system respond to changing regulatory expectations and emerging financial crime typologies, rather than leaving compliance teams reliant on static rules or manual interventions. By embedding advanced AML capabilities directly into payment flows, RelyComply reinforces Peach Payments’ positioning as a security-focused partner for enterprises operating in a fast-moving digital payments landscape.
The alliance between Peach Payments and RelyComply signals a deliberate push to align rapid African expansion with robust, technology-driven financial crime controls. By upgrading its AML and KYC infrastructure, Peach Payments aims to protect its merchants and their customers while satisfying increasingly demanding regulatory watchdogs across multiple jurisdictions. With RelyComply providing the foundation for a scalable compliance architecture, Peach Payments is better positioned to grow transaction volumes across the continent while maintaining strong, future-ready standards for trust and security.