Egyptian fintech MoneyHash, founded in 2021, provides a payment orchestration platform that connects businesses with payment providers and methods. It has partnered with South African fintech Ozow, which has operated in the country’s digital payments market for 12 years and offers services covering QR payments, point of sale, e-commerce, e-billing and peer-to-peer transactions.
The agreement allows businesses using MoneyHash to connect to Ozow through their existing integration with the platform. Merchants can add Ozow’s payment services without building and maintaining a separate technical connection, while continuing to manage their broader payment infrastructure through MoneyHash.
The arrangement addresses an operational challenge for businesses selling online in South Africa. The range of available payment methods has expanded, leaving merchants to manage connections with different providers, along with the reporting and operational processes associated with them. A payment orchestration layer brings those connections under a common infrastructure.
Hwan Lee, regional director for Africa at MoneyHash, said the agreement reflects the demands businesses face as they expand their payment operations.
“Having worked within South Africa’s payments ecosystem, I’ve seen both how quickly the market has evolved and the complexity businesses face as they scale their payment operations,” said Hwan Lee, regional director for Africa at MoneyHash. “There is a significant opportunity for orchestration to connect strong local payment infrastructure with businesses that want to grow within South Africa and across the continent.”
For Ozow, the agreement provides another route for merchants to access its payment services through an existing technology platform. The company has operated in South Africa’s digital payments market for 12 years, as businesses have sought alternatives to traditional card payments.
“Over the past 12 years, we’ve seen South Africa’s digital payments landscape evolve significantly, alongside growing demand from businesses for simpler and more flexible ways to accept payments.” said Catherine Korsten, chief growth officer at Ozow. “Our partnership with MoneyHash creates another avenue for merchants to access Ozow, while reducing the complexity of integrating and managing multiple payment solutions.”
