Paymentology, a global issuer-processor known for delivering next-generation payment solutions, has launched PayoCard in South Africa.
The new offering is aimed at enabling FinTech firms and digital banks to deploy mobile-first card management features through a user-friendly, plug-and-play platform, according to FF News.
The launch of PayoCard addresses the significant barriers that banks and FinTechs face when delivering responsive mobile card services. These solutions are often resource-intensive, requiring robust infrastructure and lengthy development cycles. PayoCard removes that complexity, helping issuers move to market faster while delivering a streamlined, modern experience.
Paymentology, originally founded in South Africa, is a cloud-first issuer-processor powering modern card programmes for banks and FinTechs globally. The company works with well-known financial institutions including Standard Bank, Old Mutual Bank, Mukuru, Altech, Adumo, Liberty Group, and Tyme. Its mission is to make banking experiences more efficient, scalable, and customer-centric, especially in mobile-first markets.
PayoCard allows issuers to offer users full control over their card services through a seamless mobile interface. With real-time balance updates, PIN resets, card freezes, and in-app support, the solution ensures that users can independently manage their cards, without needing to visit branches or use ATMs.
The platform is built with security and speed in mind, offering PCI DSS compliance and easy integration with existing systems. It supports rapid rollout and includes built-in self-service tools that reduce pressure on support teams while cutting operational costs.
In a country where disbursement and loyalty cards are often the first step into formal financial services, PayoCard offers a user-friendly gateway. Its intuitive mobile design builds user trust and prepares cardholders to access more sophisticated financial tools in the future.
South Africa’s card payment market is expected to hit $206.2bn by 2029, growing at a CAGR of 6.7%. With mobile phone penetration at 91% and increasing demand for digital services, Paymentology’s latest offering aligns well with national trends and customer needs.
This launch follows several major milestones for Paymentology in the region, including relocating its regional HQ to Sandton, Johannesburg, and strengthening local partnerships. Earlier in the year, the company held a global roadshow in Cape Town, drawing participation from key players such as Standard Bank, Old Mutual, and Shyft.
Paymentology’s collaboration with Mastercard has also expanded, reinforcing their shared goal to increase access to digital payments in underserved South African communities. The partnership enables the rapid issuance of physical and virtual cards by banks, FinTechs, and retailers.
Paymentology group product manager Shahez Shawana said, “For many cardholders, accessing basic card functions still means standing in a queue or waiting on hold, a far cry from what a digital card experience should be. With PayoCard, we’re helping digital banks and fintechs offer a truly mobile-first experience that gives customers control, confidence, and convenience.”
Paymentology head of programme management and sustainability Drisha Kirkman said, “From our enhanced Johannesburg base, we’re investing in the people, partnerships, and platforms that help our clients succeed. Whether it’s through local roadshows or next-gen product rollouts, such as PayoCard, our goal is to empower banks and fintechs to launch impactful card programmes faster, and reach the customers who need them most. We aim to set new standards for mobile-first payment experiences, ensuring that both issuers and end-users benefit from smarter, more inclusive technology.”
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