Adumo, a leading South African payment solutions provider, has just launched its Indirect Partner Programme, a strategic move set to redefine the fintech space. This initiative aims to empower businesses by simplifying complex payment processes, encouraging industry collaboration and expertise, and opening new revenue streams.

The payment landscape is evolving at breakneck speed, presenting businesses with a complex web of challenges. Merchants now face the daunting task of keeping pace with a multitude of payment methods, from contactless cards to digital wallets and beyond. This diversity, while beneficial for consumers, often leaves businesses struggling to manage an increasingly intricate technological infrastructure. Compounding these issues are the ever-tightening security and compliance requirements, which demand constant vigilance and expertise.

Article written by Chipo Mushwana (Nedbank)

Lately, the idea of a completely cashless digital economy has gained much attention. While this shift seems likely for advanced countries, its practicality in Africa, including South Africa, suggests a different path. Though digitisation promises economic growth and financial inclusion, Africa's situation is more nuanced and complex. Of course, there’s no question that digitisation is key to addressing many of the financial challenges we face in Africa.

With a huge portion of the population still lacking mainstream banking services, transitioning to digital payments could be the most effective strategy to integrate more individuals into the formal financial system.