PayDunya has acquired Peach Payments for an undisclosed amount, marking a significant corporate acquisition in the African fintech sector. Peach Payments is known for enabling simple, seamless, and secure transactions for businesses and consumers across Africa, with established operations in South Africa, Kenya, and Mauritius. The company provides a comprehensive suite of tools and solutions for selling across digital channels, prioritizing customer service and a safe transaction experience from a business's first transaction to their millionth.
Peach Payments' platform offers diverse payment products including online payments, point-of-sale solutions, recurring billing, and real-time payouts. They support a wide range of payment methods such as credit and debit cards, mobile money, digital wallets, and local bank transfers, alongside integrations with major e-commerce platforms like Shopify and WooCommerce. The company emphasizes enterprise-grade security, including PCI DSS Level 1 certification, and offers dedicated 365-day support to its merchants.
This acquisition is a strategic move for PayDunya to expand its footprint and enhance its product offerings across the African continent. The integration of Peach Payments' established presence in key markets like South Africa, Kenya, and Mauritius will significantly broaden PayDunya’s geographic reach and customer base. Synergies are expected through combining robust payment infrastructures, diversifying payment methods available to merchants, and leveraging Peach Payments' strong customer service DNA to deliver an even more comprehensive and localized payment experience.
The combined entity aims to strengthen its position as a leading payment solutions provider in Africa. By consolidating their capabilities, PayDunya and Peach Payments are poised to offer a comprehensive and expanded suite of tools designed to support the growth of businesses engaging in digital commerce across the continent, facilitating greater financial inclusion and seamless economic activity.