PayU in South Africa

PayU’s Strategic Moves in South Africa: Enhancing Payment Solutions and Leadership

Johannesburg, South Africa – September 28, 2025

PayU, a leading online payment service provider operating in over 50 emerging markets, has recently undertaken significant initiatives to strengthen its presence and offerings in South Africa.

Integration of Advanced Payment Methods

In June 2023, PayU expanded its payment solutions by integrating Mastercard’s Click to Pay and Capitec Pay into its platform. This strategic move aims to enhance financial inclusion and provide secure authentication for both e-commerce retailers and consumers. Capitec Pay allows shoppers to make online payments directly from their Capitec bank accounts, while Mastercard’s Click to Pay offers a seamless and secure checkout experience across various devices and browsers. (corporate.payu.com)

Appointment of New Country Manager

In June 2025, PayU’s Global Payments Organisation (GPO) appointed Ryan Engel as the new country manager for South Africa. With a background in payments and digital transformation, Engel is tasked with driving local strategy, forging partnerships, and strengthening PayU GPO’s regional presence. His appointment underscores PayU’s commitment to enhancing its operations and customer engagement in the South African market. (itweb.co.za)

Focus on Financial Inclusion and Mobile Payments

PayU’s emphasis on financial inclusion is evident through its support for mobile-first purchasing methods. Data from Black Friday 2024 revealed that 67% of transactions were conducted via smartphones, highlighting the growing importance of mobile payment solutions. Additionally, Capitec Pay transactions experienced a 104% year-on-year growth, indicating a strong consumer preference for account-to-account (A2A) payment options. (itweb.co.za)

Strategic Acquisition and Business Focus

In August 2023, Prosus, PayU’s parent company, announced an agreement with Rapyd, a leading Fintech-as-a-Service provider, to acquire PayU’s Global Payments Organisation (GPO) for $610 million (approximately R11 billion). This transaction excludes PayU’s operations in India, Turkey, and Southeast Asia, allowing PayU to concentrate on the burgeoning fintech opportunities in India. The sale reflects PayU’s strategic realignment to focus on high-growth markets and enhance its core business operations. (businesstechafrica.co.za)

Looking Ahead

As PayU continues to innovate and adapt to the evolving digital payments landscape, its initiatives in South Africa demonstrate a commitment to providing secure, inclusive, and efficient payment solutions. The company’s strategic focus on mobile payments, financial inclusion, and operational excellence positions it to meet the diverse needs of South African consumers and merchants in the years to come.

Prosus Delays PayU IPO to Enhance Operations:

• Prosus delays Indian payments firm PayU IPO to enhance business operations