Peach Payments has partnered with RelyComply to enhance its financial crime controls and support the expansion of its payments services across Africa.
The collaboration has been formed to help Peach Payments scale its anti-money laundering (AML) and know-your-customer (KYC) checks as it grows into new markets. As transaction volumes rise, the firm aims to streamline identity verification and strengthen monitoring processes to remain compliant with evolving regulatory requirements.
Peach Payments, which was recognised by CB Insights as one of the 100 Most Innovative FinTech Startups of 2024, provides a secure payments gateway used by e-commerce merchants, FinTechs, and subscription businesses. Its platform focuses on delivering simple, fast, and secure payment infrastructure for sending and receiving funds across the continent. RelyComply, meanwhile, offers an integrated Anti-Financial Crime solution used by financial institutions to automate screening, risk assessments, and real-time reporting.
The partnership comes as Peach Payments accelerates its pan-African strategy. The company currently operates in South Africa, Kenya, and Mauritius, with recent growth supported by the acquisition of West African payments provider PayDunya. By integrating RelyComply’s capabilities, Peach Payments will automate KYC checks, reduce manual work, and build a more scalable compliance framework to support increasing transaction volumes across multiple jurisdictions.
Further details from RelyComply highlight additional features, including automated payment screening, a unified 360° view of customers and vendors, adaptable transaction monitoring to address evolving risks, and real-time reporting tools that support efficient investigation workflows.
Additional context from the announcement notes that Peach Payments expects the new platform to maintain accurate checks, enhance service quality, and support higher customer numbers as expansion continues.
Peach Payments CEO Rahul Jain said, “With a new platform in place to maintain accurate checks and automated AML, including transaction monitoring, we can uphold our existing compliance processes while increasing the quality of our services as we manage higher customer numbers and transaction volumes across multiple jurisdictions.”
RelyComply CEO Bradley Elliott said, “Our single, unified platform provides the foundation for Peach Payments’ broader AML workflows, enhancing their status as enterprise security leaders in the payments space. Together, we ensure the company’s customers can transact confidently in a fast-moving digital payments landscape.”
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