The South African payments landscape just got a whole lot simpler thanks to a groundbreaking partnership between payments infrastructure leader Stitch and Absa Group, one of the country’s most prominent banks.

This collaboration brings Absa Pay, the bank’s recently launched direct bank payment solution, directly onto Stitch’s powerful platform.

A One-Stop Shop for Streamlined Payments:

This partnership will offer your customers a wider range of secure and convenient Pay by Bank options at checkout, all through a single integration.

This integration seamlessly combines Absa Pay with Stitch’s existing suite of direct bank APIs, including Capitec Pay and Nedbank Direct API. This eliminates the need for individual bank integrations, saving you valuable time and resources.

Junaid Dadan, President of Stitch, perfectly captures the essence of this partnership:

“We’re thrilled to join forces with Absa to empower businesses with access to the latest payment methods. This collaboration will not only simplify the payment process for businesses but also bring more consumers into the digital economy by offering them the payment choices they prefer.”

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Benefits Beyond Convenience:

The advantages extend far beyond just offering more options. Here’s how Stitch and Absa’s collaboration empowers your business:

Reduced Complexity: Stitch handles the heavy lifting of integrating with various bank APIs. You simply connect with Stitch’s single API, streamlining your setup process and ongoing maintenance.
Enhanced Customer Reach: cater to a wider customer base by offering the payment methods your audience prefers, including Absa Pay, Capitec Pay, Nedbank Direct API, and more. This can potentially lead to increased sales conversions.
Improved Efficiency: Free yourself from the time-consuming task of managing multiple bank integrations. Stitch takes care of it all, allowing you to focus on core business activities.

Security Remains Paramount

In the world of online payments, security is non-negotiable. Stitch takes data protection extremely seriously. Here’s how they ensure a safe payment environment:

Never Sharing Credentials: Stitch never shares your customers’ sensitive banking credentials with anyone.
Advanced Encryption: All financial data is securely encrypted using Microsoft Azure Key Vault, a robust security solution trusted by leading organisations.
User Consent Every Time: Every action taken on the Stitch platform requires explicit user consent, providing an additional layer of security.

Stitch: A Rising Star in South Africa’s Fintech Space

This strategic partnership further cements Stitch’s position as a major player in the ever-evolving South African fintech landscape. Their commitment to offering a comprehensive suite of payment solutions, along with their consistent focus on security, makes them a valuable partner for businesses of all sizes.

Ready to Take Your Payment Processing to the Next Level?

Whether you’re a new entrepreneur launching your first online store or a well-established company seeking to optimise your payment options, Stitch has the solution you need. Here’s a look into what Stitch can offer your business:

A Single, Powerful API: Accept payments seamlessly via various methods, including Pay by Bank options, cards, manual Electronic Funds Transfers (EFTs), and even cryptocurrency.
Effortless Reconciliation: Stitch helps you effortlessly manage and reconcile payments across all your channels, saving you time and minimising errors.
Secure Payouts Anywhere: Send secure payouts to any destination around the world, streamlining your financial operations.
Boost Recurring Revenue: Offer your customers a wider range of payment options to reduce failed payments and encourage repeat business. This can significantly boost your recurring revenue stream.
Tailored Solutions for South Africa: Build a localised payment solution specifically designed for the South African market, ensuring you cater to your local customer base effectively.
Frictionless Checkout Experiences: Optimise your conversion rates with Stitch’s pre-built, user-friendly checkout flows, designed to reduce steps to payment and create a smooth customer experience.

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By partnering with Stitch, you can streamline your online payment process, enhance customer satisfaction, and achieve your business goals faster.

Visit Stitch’s website today to explore their comprehensive suite of payment solutions and discover how they can help your South African business thrive in the digital age.