Stitch Deepens Card Service Offering with Efficacy Payments Acquisition
South African fintech firm Stitch has announced its acquisition of Efficacy Payments, marking its second strategic buyout in 2025. This acquisition positions Stitch as a frontrunner in the South African fintech landscape, enabling it to directly offer card acquiring services to merchants.
Taking Control of the Card Payment Lifecycle
The Efficacy Payments acquisition empowers Stitch to manage the entire card payment process from start to finish. By becoming a Designated Clearing System Participant (DCSP), Stitch can now process both online and in-person card transactions independently, eliminating the need for intermediary banks or third-party processors. This control translates to significant advantages for merchants, including streamlined payment reconciliation, reduced costs, and accelerated innovation in payment solutions.
This strategic move solidifies Stitch’s commitment to providing comprehensive and efficient payment solutions for businesses across South Africa, further establishing its presence in the competitive African fintech market.
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