Cyprus-based fintech SPAYZ.io is entering South Africa, Egypt, and Cameroon as part of its Africa expansion, aiming to offer tailored digital payment solutions in key emerging markets.
Why it matters
Africa’s digital payments economy is projected to hit $1.5 trillion by 2030. SPAYZ.io wants a piece of that future by focusing on underserved regions where mobile money and electronic payments are rapidly gaining traction.
The details
- South Africa: Launching EFT bank transfers to support a card payments market expected to surpass $158B in 2025.
- Egypt: Entering a digital payment space forecasted to top $104B by 2030.
- Cameroon: Tapping into a mobile money powerhouse, which accounts for 71% of CEMAC region transactions.
Between the lines
SPAYZ.io isn’t rushing in. The company says it has spent months evaluating regulations, demand, and forming local partnerships to ensure stability and relevance in each market.
“We don’t rush expansion. We build it,” said Dmitrii, Head of Strategic Partnerships at SPAYZ.io. “Africa is a priority because of its tech-driven consumer growth.”
What’s next
SPAYZ.io plans more market rollouts through 2025 and will unveil additional details during the Finance Magnates Africa Summit (FMAS) in Johannesburg on May 29–30.
