Stitch makes second acquisition of 2025, buys Efficacy Payments to deepen card services
- Stitch has acquired Efficacy Payments, its second buyout this year.
- The acquisition positions Stitch among the first South African fintechs to offer direct card acquiring services.
- Stitch now controls the full lifecycle of card payments without relying on intermediary banks.
The acquisition of Efficacy Payments by Stitch is a strategic move that not only enhances its service offerings but also positions it competitively within the South African fintech landscape. This integration could potentially revolutionize how merchants handle card payments, leading to significant advancements in efficiency and cost-effectiveness. It will be interesting to observe how this impacts the broader payments ecosystem in Africa.
