EFT bank transfer capabilities
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SPAYZ.io expands payment network to four countries
Yahoo Financeยท 2025-10-21 11:17
Core Insights - SPAYZ.io has expanded its payment network to Turkey, Egypt, South Africa, and Tanzania to meet the growing demand for digital payment solutions in these regions [1][2] - The company plans to introduce services in the UAE and Singapore by the fourth quarter of 2025, enhancing its offerings in these advanced financial markets [2][3] Expansion Details - In Turkey, merchants can now use Havale bank for pay-in and payout transactions, improving their financial operations [1] - Mobile Money solutions have been launched in Egypt and Tanzania, catering to the increasing preference for mobile-centric financial services [2] - South Africa now benefits from EFT bank transfer capabilities, providing a reliable payment method for local and international merchants [2] Future Plans - In the UAE, merchants will be able to facilitate transactions through bank transfers for both incoming and outgoing payments, aligning with the region's digital economy focus [3] - Singapore will see the integration of PayNow for incoming payments and bank transfers for outgoing payments, leveraging the country's advanced financial systems [3] Industry Participation - SPAYZ.io will showcase its payment solutions and upcoming launches at SIGMA Rome from November 3 to 6 [4] - The company's chief commercial officer emphasized the importance of bridging the gap in cash-driven economies through fast, secure, and trusted digital payment infrastructure [4]