Transforming payments and financial inclusion

enza, an innovative payments technology company, and TerraPay, a leading global money movement company, are excited to announce a strategic partnership aimed at transforming Africa's payments landscape

This collaboration addresses two significant issues hindering business growth in Africa, thereby accelerating financial inclusion:

Transforming the payment acceptance landscape:

enza will leverage TerraPay’s extensive connectivity to over 2.1 billion mobile wallets globally, enabling the acceptance of these wallets alongside other domestic and international payment brands, both online and in-person.

Simplifying cross-border payments for African businesses:

Many businesses in Africa face challenges in making or receiving cross-border payments efficiently and cost-effectively. This partnership will address these issues by utilising TerraPay’s access to over 7.5 billion bank accounts, more than 2 billion wallets, and over 6 million cards worldwide.

Commenting on the partnership, enza executive director Andrew Key said, “We are thrilled to find an internationally renowned partner in TerraPay. enza is delighted to be able to incorporate TerraPay’s capabilities into our propositions being delivered to many of Africa’s leading banks. We are particularly excited about the role the partnership will play in transforming the experience of businesses across Africa, bringing many of them into the formal financial ecosystem for the first time.”

Ani Sane, co-founder and chief business officer at TerraPay, added, “The enza leadership’s track record and depth of their relationships across Africa are unparalleled, so combining their market reach and services with our money movement network makes us very optimistic about the future of this partnership. This will be a further step towards enabling true financial inclusion, by empowering transactions that can change lives, irrespective of the size or volume.”