EBANX Announces Expanded Strategic Partnership With SA StartUp, Ozow
EBANX Announces Expanded Strategic Partnership With SA StartUp, Ozow. EBANX proudly announces an expanded strategic partnership with Ozow, South Africa’s leading instant EFT payment provider, to enhance digital payments in the country.
As payment partners, EBANX and Ozow will integrate both platforms easily, offering a range of trusted payment solutions through one single integration for businesses and a frictionless buying experience for South African consumers.
Ozow is an automated and ultra-secure EFT solution that helps customers pay in just a few seconds, merchants can initiate Ozow payments through a variety of payment platforms, such as SMS, eCommerce, eBilling, QR Code and instore Point-of-Sale (POS).
Through Ozow’s precise and secure system (that reduces the risk of charge-backs), merchants get real-time payments with instant transaction notifications and automated bank reconciliations. As no card is required for payment, their products are also more widely available, resulting in less abandoned carts, increased sales and more happy customers.
This collaboration comes at a pivotal time as South Africa’s digital economy continues to expand, fueled by increasing demand for digital services and the creative economy. With its digital market expected to accelerate by 16% annually through 2026, according to PCMI data, the country has emerged on the expansion roadmap of major global brands. “South Africa’s digital economy is on a rapid growth trajectory, and we are excited to be a part of this evolution, creating access through technology,” said Wiza Jalakasi, Director of Africa Market Development at EBANX.
