Stitch, a fintech power of the South African API has announced the acquisition of efficiency payments, marking an important step in its expansion strategy and by making one of the first fintechs in South Africa to offer direct and in person direct customs clearance services.
This decision follows the previous acquisition of Stitch de Exipay in January 2025, which enabled the Fintech to enter the payment space in person. By integrating Exipay, Stitch now offers a unified trade solution which rationalizes the treatment of online and in person payments for businesses. This is particularly beneficial for companies operating in online and offline retail environments.
With the efficiency which is now part of the Stitch group, the company is positioned as a participant in the designated compensation system (DCSP), which allows it to offer cards acquisition services directly to the merchants. This evolution gives total control over the life cycle of card products that manage everything, from technical integration to compliance, financial regulations and operations.
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Speaking about the acquisition of efficiency payments, said the president and co-founder of Stitch Junaid Dadan,
“”We are delighted to welcome the efficiency team in the Stitch group and to offer this critical solution to the merchants with which we work. Card processing is an essential requirement for companies in South Africa, and we have seen a lot of margin of improvement in terms of conversion, rebuilding and access to the latest technologies. We are delighted to see the impact that it will have about how our merchants collect card payments from their customers. »»
“Stitch is now the gateway, the switch and the buyer”, “ The company said. This means that traders can count on a single supplier for the entire card acquisition process, eliminating the need for intermediate banks or third -party switches.
Consequently, business merchants benefit from:
•Better conversion rates Thank you to the optimized messaging in card networks
•Faster access to new features and products: Due to the reduction in dependence on external parties, Stitch has greater autonomy to provide the latest products and functionalities to its customers
•Representation and reconciliation of transactions in real time: This offers traders better visibility of their payments and the costs associated by a real -time vision of transactions, with fewer problems of settlement and reconciliation.
•Cost savings: Traders can avoid costs associated with several systems and gain operational efficiency
Founded in 2016, efficiency payments only became the second fintech in South Africa to reach the status of the DCSP in 2021. With its integration into the point group, the combined entity is now equipped to provide a complete modern payment infrastructure designed to meet the evolutionary needs of merchants in the region.
Founded in 2021, Stitch helps companies accept and send online and person payments, rationalize financial operations and delight customers, reducing obstacles to transparent money movement.
The platform is designed to allow the most effective and optimized monetary movement solutions, a relentless team finding new ways of activating better and faster payments and the reduction of friction.
Stitch uses the latest technologies and personalized creations each solution alongside customers, so that teams can integrate more quickly and optimize their pile of payments for their particular use.
Today, Stitch works on online payment space and in person, including solutions designed for electronic commercial platforms and tools for more efficient finance management.
Fintech is supported by the main investment companies, as well as by the founders and the first manufacturers of some of the most successful fintechs in the world, notably Ribbit Capital, 500 Global, Ralicap, Future Africa Fund, Paypal, among others.
Stitch’s mission is to allow companies and consumers to access the financial system more transparent so that they can move and manage money, better.
