South Africa: Stitch Acquires Efficacy Payments to Offer Direct Card Acquiring

South Africa: Stitch Acquires Efficacy Payments to Offer Direct Card Acquiring

TLDR

South Africa: Stitch expands fintech footprint with Efficacy Payments acquisition

Stitch emerged from stealth in February 2021 and has raised $107m in total funding to date

Stitch Acquires Efficacy Payments, Tightens Grip On SA’s Card Payments

South African payments infrastructure startup Stitch has acquired Efficacy Payments, making it one of the first fintechs in the country to offer fully end-to-end card-acquiring services, without relying on banks or third-party processors. The deal gives Stitch direct access to South Africa’s national clearing system through Efficacy’s rare Designated Clearing System Participant (DCSP) license, allowing it to clear card transactions directly for …

Stitch acquires Efficacy Payments

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Stitch Acquires Efficacy Payments to Offer Direct Card Clearing Service in South Africa

Stitch, a South African API fintech powerhouse has announced the acquisition of Efficacy Payments, marking a major milestone in its expansion strategy and making it one of the first fintechs in South Africa to offer direct card clearing services both online and in person. This move follows Stitch’s earlier acquisition of ExiPay in January 2025, […] The post Stitch Acquires Efficacy Payments to Offer Direct Card Clearing Service in South Africa a…

Stitch expands fintech footprint with Efficacy Payments acquisition

Stitch has announced that it has acquired Efficacy Payments, enabling it to offer card acquiring services directly to merchants as a designated clearing system participant (DCSP) and provide more seamless and cost-effective transactions. Read more...