SPAYZ.io, a leading provider of local payment solutions in Africa, is expanding into three key African markets: South Africa, Egypt, and Cameroon, with EFT bank transfers and mobile money. This move supports SPAYZ.io's vision to transform digital commerce in Africa’s emerging markets through tailored local payment methods.
The way to Africa: what SPAYZ.io offers
SPAYZ.io has been actively assessing countries in the region as part of its strategic efforts to expand its regional footprint and tap into emerging growth opportunities. Its dedicated team of payment experts has conducted in-depth research, assessing regulatory frameworks, local banking infrastructure, merchant demand, payment preferences, and sourcing local partnerships.
Following these extensive evaluations, SPAYZ.io is excited to announce the addition of several new countries to its geo network by the end of 2025. The expansion will include South Africa, enabling EFT Bank Transfers across key markets, Egypt and Cameroon, launching support for the Mobile Money solution.‍
How do different payment solutions work in Africa
South Africa's digital payments are projected to exceed $158 billion in 2025. Egypt's digital payments market is valued at over $104 billion by 2030. Cameroon leads the CEMAC region in mobile money transactions, accounting for 71% of all transactions and over half of the region’s transaction value.
These additions reflect SPAYZ.io’s ongoing commitment to providing localised payment experiences in underserved countries with high-growth potential. With the digital payments economy in Africa projected to reach $1.5 trillion by 2030, SPAYZ.io will roll out solutions in more countries in both the immediate and long term.
To coincide with this announcement, SPAYZ.io will participate in the Finance Magnates Africa Summit (FMAS) on May 29th and 30th, engaging with key industry leaders, partners, and merchants.
SPAYZ.io’s expert assessment
Head of Strategic Partnerships at SPAYZ.io, Dmitrii  share his professional comment:
It is important that we don’t rush into new markets just for the sake of expansion. Instead, we take a deliberate, thoughtful, long-term approach to growth, ensuring our payment solutions are stable and easy to access. Every market we enter is the result of careful research, strategic planning, and a deep understanding of the local ecosystem. It’s the reason why Africa is a priority region for us.
Our planned launches in South Africa, Egypt and Cameroon reflect our approach. We are giving our clients access to markets with a burgeoning consumer base, driven by the rapid adoption of new technologies. I look forward to seeing the new opportunities these launches will open for our partners and to discussing our plans during our participation at FMAS later this month.
SPAYZ.io: Your local payment provider in Africa
Ready to expand your business into high-growth African markets like South Africa, Egypt, and Cameroon? SPAYZ.io offers seamless local payment solutions tailored for merchants:
- EFT bank transfers in South Africa
- Mobile money in Egypt and Cameroon
- Fast onboarding, high success rates, and 24/7 support
- Proven for iGaming, Forex, and high-risk industries across 35+ GEO
Contact SPAYZ.io now to integrate and start accepting payments today!
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