Mobile Card Platform Launch Announced by Paymentology, Targeting South African Market
New Digital Card Management Platform Empowers Financial Inclusion in South Africa
Paymentology, a leading processor for digital banks and fintechs, has launched a new mobile-first card management platform, PayoCard, in South Africa. The platform is designed to simplify the process of delivering responsive, mobile card services, reducing infrastructure and development cycle requirements.
PayoCard is a plug-and-play solution tailored for digital banks and fintechs in South Africa. Its key features and benefits include a mobile-first, cloud-based platform that allows rapid integration without heavy infrastructure or long development cycles, self-service capabilities for cardholders, PCI DSS compliance and security, and flexible scalability.
With self-service capabilities, customers can perform real-time balance checks, PIN resets, card freezes, and access in-app support through a single mobile app, greatly enhancing user control and convenience. The platform comes with built-in fraud controls, advanced encryption, biometric authentication, and data protection to ensure secure transactions.
PayoCard is designed to improve financial inclusion by targeting underserved populations in South Africa who often first engage with financial services via disbursement or loyalty cards. By offering a trusted, user-friendly digital experience, PayoCard fosters financial literacy and confidence.
The platform also lowers the operational burden for issuers by enabling users to self-manage card functions, reducing call center demand and manual support effort, improving issuer efficiency. PayoCard offers a modular digital card engine, SDKs, and APIs to build customized experiences as issuers grow.
Paymentology's regional headquarters is located in Sandton, Johannesburg, as part of its ongoing expansion in South Africa. The company aims to empower banks and fintechs to launch impactful card programmes faster, reaching the customers who need them most.
Through its partnership with Mastercard, Paymentology enables banks, fintechs, and retailers to issue compliant physical and virtual cards quickly, particularly in underserved communities. The South African card payments market is projected to reach $206.2 billion by 2029, growing at a CAGR of 6.7%.
For many South Africans, PayoCard provides a clear, mobile-first path to financial services adoption. The platform is simple to use and builds trust through digital familiarity, preparing cardholders for more advanced financial products. PayoCard is the first digital card platform provided by a processor in the region.
Shahez Shwana, Group Product Manager at Paymentology, states that PayoCard helps digital banks and fintechs offer a truly mobile-first experience. With 91% of South Africans owning a mobile phone, creating a large potential user base for digital banks and fintechs, PayoCard offers a faster path to market with reduced complexity.
Drisha Kirkman, Head of Programme Management and Sustainability at Paymentology, is investing in people, partnerships, and platforms to help clients succeed in South Africa. Paymentology powers card programmes for institutions including Standard Bank, Old Mutual Bank, Mukuru, Altech, Adumo, Liberty Group, and Tyme.
In essence, PayoCard empowers digital banks and fintechs to quickly launch secure, user-centric card programs that advance financial inclusion and improve customer experience, while streamlining issuer operations in the South African market.
- The new mobile-first card management platform, PayoCard, designed by Paymentology, aims to reduce infrastructure requirements for digital banks and fintechs in South Africa.
- PayoCard offers self-service capabilities to customers, allowing them to perform tasks like balance checks, PIN resets, and card freezes via a single mobile app.
- PayoCard targets underserved populations in South Africa who often first engage with financial services via disbursement or loyalty cards, aiming to foster financial literacy and confidence.
- With its user-centric approach and streamlined issuer operations, PayoCard helps digital banks and fintechs launch impactful card programs, reaching underserved communities in the South African market.
