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Ozow and Absa launch Absa Pay to transform digital payments in South Africa

Ozow and Absa launch Absa Pay

Digital payments platform Ozow, in partnership with Absa, is set to launch a groundbreaking payment solution named Absa Pay. This collaboration aims to simplify online payments and enhance financial inclusion across South Africa. By integrating Ozow’s platform with Absa Pay, the partnership seeks to boost the country's digital payments ecosystem and promote open banking.

Coenie Louw, Head of Technical Operations at Ozow, described the venture as a milestone in providing innovative financial solutions that cater to merchant and consumer needs. Subash Sharma, Chief Digital Officer at Absa, emphasized the bank's commitment to customer financial well-being and secure online transactions.

Absa Pay, facilitated by South Africa's leading proprietary open banking-payments interface, ensures secure transactions via seamless integration with Ozow's Instant EFT service. This reduces costs for merchants, lowers fraud incidents, and shortens processing times, while allowing customers to complete payments swiftly and securely.

Source: IOL

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