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 buys Efficacy to take full control of card payments in South Africa
Stitch acquired Efficacy Payments, enhancing its card processing capabilities. The acquisition allows Stitch to act as a gateway, switch, and acquirer for card payments.
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.
