Stitch Deepens Card Services with Efficacy Payments Acquisition, Solidifying Fintech Dominance in South Africa
South African fintech innovator Stitch has announced its second acquisition of 2025, acquiring Efficacy Payments in a move that significantly strengthens its position in the country’s rapidly evolving payments landscape. This strategic buyout allows Stitch to offer direct card acquiring services to merchants, making it one of the first South African fintechs to achieve this rare feat and granting it a coveted Designated Clearing System Participant (DCSP) status.
Full Control of the Card Payment Lifecycle: Benefits for Merchants
The acquisition of Efficacy Payments provides Stitch with complete control over the card payment lifecycle, a significant shift in the traditional acquiring process. By eliminating reliance on intermediary banks and third-party processors, Stitch can now manage both online and in-person card transactions directly. This integration offers substantial advantages to merchants operating in South Africa’s dynamic market. Merchants are expected to benefit from streamlined payment reconciliation processes, reduced costs associated with acquiring services, and, crucially, access to faster innovation cycles. This development positions Stitch to become a leading provider of comprehensive payment solutions in the South African market, further solidifying its role as a major player in the fintech revolution.
The acquisition of Efficacy Payments reinforces Stitch’s commitment to delivering cutting-edge payment solutions. As a result, merchants in South Africa can anticipate improved efficiency, cost savings, and faster access to innovative payment technologies, all of which contribute to a more competitive and efficient business ecosystem.
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