Africa Digest News

A pioneering collaboration between Peach Payments and MoneyBadger is allowing businesses to easily accept Bitcoin and other cryptocurrency assets in South Africa, where 68% of the population owns or has purchased Bitcoin, one of the highest adoption rates in the world.

From suburban hardware stores to online ticketing platforms like TicketPro, this collaboration is making crypto payments accessible and user-friendly.

The Peach Payments & MoneyBadger Partnership: Redefining Payments

What’s Happening?

Peach Payments, a leading African payment services provider, has partnered with MoneyBadger, a South African crypto payment solution, to allow its merchants to accept Bitcoin and other cryptocurrencies.

This integration enables customers to pay with crypto at a wide range of online and physical stores, including major retailers like One Day Only, NetFlorist, and Superbalist.

Early Success Stories

The partnership is already proving its real-world value. The first transactions processed through Peach Payments via MoneyBadger were for practical items like spades at a suburban hardware store and light fittings at a specialist lighting retailer, showcasing how Bitcoin is becoming a mainstream payment method for everyday purchases.

READ ALSO:South African Online Shoppers to Enjoy Interest-Free Credit Card Installments with Peach’s Latest Partnership

How It Works: A Frictionless Crypto Payment Experience

For Consumers

Paying with Bitcoin at Peach Payments’ merchants is simple and intuitive:

1. Choose “Pay with Bitcoin”: Select the crypto payment option at checkout.
2. Scan or Click: Scan a QR code (in-store or on PC) or click a button to open your wallet app on mobile.
3. Confirm the Payment: Verify the amount in your preferred crypto wallet.
4. Complete the Transaction: The payment is processed instantly, and the merchant receives ZAR the next business day.

This seamless process caters to South Africa’s estimated 5.8 million crypto wallet users, offering flexibility and convenience for both crypto enthusiasts and newcomers.

For Merchants

Merchants benefit from a streamlined and risk-free experience:

• No Volatility Risk: MoneyBadger converts crypto payments to ZAR at the current exchange rate, ensuring stable fiat settlements.
• Simplified Reconciliation: Crypto transactions are tracked like card or EFT payments in the Peach Payments dashboard.
• New Market Opportunities: Accepting Bitcoin attracts a young, tech-savvy 18–34-year-old demographic and enables foreign customers without local bank accounts to shop easily.

Why This Partnership Is a Big Deal

Driving Mainstream Crypto Adoption

This collaboration builds on MoneyBadger’s proven success. In early 2023, MoneyBadger enabled Pick n Pay to become the first African retailer to accept Bitcoin at the till.

Now, with Peach Payments’ extensive merchant network, Bitcoin payments are available to a much broader audience, from e-commerce platforms to physical stores.

TicketPro, a Peach Payments merchant, has become the first South African ticketing company to offer Bitcoin payments through MoneyBadger. As Brandon Duffield, CEO of TicketPro, explains:

Growing Transaction Volumes

MoneyBadger’s impact is clear in its transaction data. In the first half of 2025, the company processed 19,536 transactions worth R7,771,432, a 36% increase from R5,693,173 across 13,338 transactions in the first half of 2024.

With a median transaction size of R174, it’s evident that Bitcoin is being used for small, everyday purchases.

Across all its merchants, MoneyBadger has processed R18,972,940 in crypto payments, with 73% being Bitcoin.

Benefits for Consumers and Merchants

For Consumers

• Convenience: Pay with Bitcoin at popular merchants without needing to convert to fiat first.
• Accessibility: Foreign tourists and expats can shop without local bank accounts, making South Africa a crypto-friendly destination.
• Flexibility: Support for multiple wallets ensures you can use your preferred platform, from Binance to Lightning wallets.

For Merchants

• Reach New Customers: Tap into South Africa’s 5.8 million crypto wallet users and a global crypto audience.
• Competitive Advantage: Offering Bitcoin payments sets businesses apart in a crowded market, appealing to younger shoppers.
• Operational Simplicity: Daily ZAR settlements and seamless integration streamline crypto payment adoption.

READ ALSO:MoneyBadger Bags $400K to Power Bitcoin Payments Across Africa

The Future of Crypto Payments in Africa

Peach Payments plans to expand this Bitcoin payment solution to other regions, such as Kenya and Mauritius, as part of its mission to create a unified payment ecosystem across Africa.

This aligns with global trends, where over 30,000 merchants, including brands like Starbucks and Microsoft, already accept Bitcoin.

South Africa’s high Bitcoin adoption rate and innovative payment infrastructure position it as a leader in crypto payments.

Ready to try Bitcoin at checkout? Look for the “Pay with Bitcoin” option at Peach Payments merchants like TicketPro, NetFlorist, or Superbalist. Share your thoughts on crypto payments in the comments.

Ronnie Paul is a seasoned writer and analyst with a prolific portfolio of over 1,000 published articles, specialising in fintech, cryptocurrency, climate change, and digital finance at Africa Digest News.