Paymentology Partners with Bank Zero for Digital Banking in South Africa

Issuer-processor Paymentology announced a partnership with South Africa's Bank Zero to enhance digital banking access in the country. Paymentology brings its cloud-native issuer-processing platform, which enables real-time card issuance and transaction processing, while Bank Zero contributes its mutual-bank model focused on zero-fee digital banking. The partnership is expected to improve the speed and reliability of Bank Zero's card operations and expand modern banking services to more South African consumers.

Financial terms were not disclosed. The deal underscores the growing demand for BaaS-style infrastructure partnerships in Africa, where digital-only banks increasingly rely on specialist technology providers for core processing capabilities. This collaboration positions both companies to capture growing demand for accessible, low-cost digital banking on the continent.