Stitch acquires Efficacy Payments to become a direct card processor in South Africa
- Stitch has acquired Efficacy Payments, a digital payments startup with direct access to the national clearing system.
- The acquisition allows Stitch to control every layer of the card payment stack.
- Stitch becomes one of the first fintechs in South Africa to offer end-to-end card-acquiring services.
Techpoint Africa - Jul 9, 2025
Stitch makes second acquisition of 2025, buys Efficacy Payments to deepen card services
Stitch has acquired Efficacy Payments, marking its second acquisition this year and positioning it a
The acquisition of Efficacy Payments by Stitch is a strategic move that not only enhances its service offerings but also positions it favorably in a booming market. This could lead to increased competition in the digital payments space, ultimately benefiting consumers and businesses alike through improved services and lower costs. It will be interesting to see how this impacts the overall landscape of fintech in South Africa.
