FintechNews

South Africa’s fintech, Callpay, purchased at US$6.8mn valuation

Callpay has been purchased by a global fintech provider in an undisclosed transactional investment aimed at accelerating the company’s growth. The disposal of the company’s shares was based on a valuation of just under $7million (R100 million).

Read also: RECAP: “The Round Table”


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Callpay’s team pointed out how their journey intended to make online transacting safe, cost-effective, secure, and efficient across multiple channels.  Since its launch, Thomas van der Spuy, the company Head of Partnerships told bizcommunity that Callpay has processed $1.4 billion and onboarded over 9,000 merchants.

Callpay lists itself as the first global payment service provider to achieve Level 1PCI-DSS v3 compliance and the first in Africa to get a Payment Card Industry Data Security Standards v3.2 –  compliant Service Provider status.

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Nichole Manhire

Is the media and brand manager at GFA News. She works very closely with editors and podcasters that contribute to telling the African business success story. For marketing and advertising send Nichole an email: nichole@getfundedafrica.com

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