Kotani Pay Enables Card Collections in South Africa

We are excited to announce the launch of our card collections feature in South Africa, marking a significant step in Kotani Pay’s mission to onboard the next million users into Web3 ecosystems. By integrating card payments into our platform, we are empowering South Africans to seamlessly convert between rand and cryptocurrency using their debit or credit cards. This strategic move bridges blockchain innovation with the familiar convenience of everyday payment methods.

South Africa: A Growing Card-driven Economy

South Africa stands out as one of Africa’s most card-centric economies, with most consumers relying on debit and credit cards for everyday transactions. According to Globaldata, the annual value of card transactions in the South African cards and payments market is estimated to be $125 billion in 2024, demonstrating the significant role that debit and credit cards play in daily financial transactions. The market is expected to grow at a compound annual growth rate (CAGR) exceeding 9% from 2024 to 2028. This growth is attributed to factors such as the increasing adoption of digital payment solutions, the convenience of card usage, and a strong emphasis on payment security

For a market reliant on card systems, introducing a card-enabled on/off ramp solution for Web3 users is not just a convenience; it’s a necessity. Kotani Pay’s new feature is a direct response to this, bridging the gap between blockchain technology and the established habits of South African consumers.

Empowering Businesses Through Our API

Kotani Pay’s on-ramp/off-ramp API extends the benefits of card collections to businesses, enabling them to integrate these payment capabilities directly into their platforms. Our API offers a plug-and-play solution that brings blockchain-powered financial services to their customers. With our API, Web3 businesses can:

• Offer their customers the ability to buy crypto using debit or credit cards.
• Provide seamless crypto-to-rand off-ramp solutions, simplifying payouts in the traditional economy.
• Leverage Kotani Pay’s regulatory-compliant infrastructure to ensure safe and secure transactions.

Kotani Pay’s rollout of card collections is underpinned by our commitment to regulatory compliance. As a licensed provider, we prioritize safety, trust, and transparency, ensuring all transactions adhere to South Africa’s financial regulations. This license empowers us to deliver innovative solutions with confidence, assuring users that their transactions meet the highest standards of security and compliance.

Join Us in Transforming Web3 Access

Our introduction of card collections is more than a feature launch, it’s a step toward transforming how South Africans interact with Web3. Whether you’re an individual looking for seamless crypto transactions or a business aiming to expand into blockchain solutions, Kotani Pay’s API is designed to meet your needs.

Start using API card collection services today by visiting kotanipay.com. For more information, contact our sales team.