SPAYZ.io, a leading provider of innovative payment solutions, has announced its strategic expansion into three new African markets – South Africa, Egypt, and Cameroon.
This marks another major step in the fintech company’s mission to transform digital commerce across Africa’s emerging economies by delivering tailored, localised payment solutions that address unique market needs.
Over the past year, SPAYZ.io has been carefully evaluating opportunities across the continent as part of its long-term vision to establish a broader regional footprint. Its dedicated team of payment specialists has conducted extensive market assessments, analysed regulatory frameworks, mapped consumer behaviour, and engaged with potential local partners. This groundwork has been essential to ensure that each market entry is strategically sound, compliant, and well-positioned for sustainable growth.
Following these in-depth evaluations, SPAYZ.io is proud to confirm the addition of several new countries to its geo-network by the end of 2025. The expansion will see the rollout of localised solutions that reflect the dominant payment preferences in each market. In South Africa, the company will enable EFT Bank Transfers to strengthen digital payment accessibility across key industries. In Egypt and Cameroon, SPAYZ.io will introduce Mobile Money support to capitalise on the region’s rapidly growing mobile-first economies.
The market potential behind this expansion is significant. In South Africa, card payments are projected to surpass $158 billion in 2025, fuelled by accelerated digital adoption and a thriving e-commerce ecosystem. Egypt’s digital payments market, meanwhile, is forecasted to exceed $104 billion by 2030, as the country continues to lead North Africa’s fintech evolution. Cameroon also presents immense opportunity — it currently dominates mobile money activity within the CEMAC region, accounting for 71% of all transactions and more than half of the region’s total transaction value.
These trends align closely with SPAYZ.io’s mission: to provide secure, efficient, and locally relevant payment solutions that drive inclusion and empower merchants and consumers alike. With Africa’s digital payments economy projected to reach $1.5 trillion by 2030, SPAYZ.io’s continued expansion into high-potential markets reaffirms its commitment to building a future where access to digital finance is borderless and inclusive.
To coincide with this announcement, SPAYZ.io will be participating in the Finance Magnates Africa Summit (FMAS) on May 29th and 30th, engaging directly with industry leaders, partners, and merchants. The summit will provide an opportunity to showcase the company’s latest innovations and discuss its upcoming launches with key stakeholders in the African fintech ecosystem.
Dmitrii, Head of Strategic Partnerships at SPAYZ.io, commented on the significance of this milestone:
“It is important that we don’t rush into new markets just for the sake of expansion. Instead, we take a deliberate and thoughtful approach to growth that ensures long-term success. Every market we enter is the result of extensive research, strategic planning, and a deep understanding of the local payment ecosystem. This approach allows us to deliver solutions that are not only stable and easy to access, but that also truly add value to local businesses and consumers.”
He added:
“Our upcoming launches in South Africa, Egypt, and Cameroon reflect this vision. These are markets with dynamic, tech-savvy populations and fast-growing digital economies. By supporting the payment methods that consumers already trust and prefer, we enable our partners to expand faster and transact more efficiently. I look forward to exploring these opportunities further during our participation at FMAS later this month.”
With its thoughtful approach to regional expansion and its dedication to empowering Africa’s digital future, SPAYZ.io continues to position itself as a trusted partner for businesses seeking growth in one of the world’s most promising fintech frontiers.
