Peach Payments Teams Up with MoneyBadger to Unlock Crypto Payments in South Africa
South Africa stands out as a global leader in cryptocurrency adoption, with a remarkable 68% of its citizens owning or having purchased Bitcoin. This high rate underscores a significant shift in consumer behavior and presents a compelling opportunity for businesses to embrace digital currencies. Recognizing this trend, Peach Payments, a prominent payment services provider, has announced a strategic partnership with MoneyBadger, a leading South African Bitcoin and crypto payments solution provider, to empower its merchants to accept payments in various crypto assets.
# Expanding Merchant Horizons with Digital Currency
Integrating Bitcoin and other cryptocurrencies into payment options offers a myriad of benefits for merchants. It specifically targets the young, tech-savvy demographic aged 18-34, a segment with rapidly expanding purchasing power. Furthermore, this capability streamlines transactions for international visitors who may not possess local bank accounts, cards, or currency, enabling them to easily spend with South African businesses. It also facilitates simpler money transfers for expats sending funds to family and friends locally. MoneyBadger’s expertise in this field is well-established; they were instrumental in making Pick n Pay the first retailer in Africa to offer Bitcoin and crypto payments at the till in early 2023. Their platform demonstrates impressive growth, having processed 19,536 transactions amounting to R7,771,432.17 in the first half of 2025, a notable increase from 13,338 transactions valued at R5,693,173.1 in a prior period. This partnership between Peach Payments and MoneyBadger is poised to extend this success across a broader network of South African businesses.
This collaboration marks a significant step forward for the South African digital economy, simplifying the integration of cryptocurrency payments for a wide range of merchants. By leveraging MoneyBadger’s proven technology, Peach Payments is enabling businesses to tap into a rapidly growing market, cater to modern consumer preferences, and streamline transactions for both local and international customers, solidifying South Africa’s position at the forefront of digital payment innovation.
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