South Africa’s Araxi Just Dropped R1 Billion on Pay@ — And It’s a Bet on the End of Fragmentation
In the biggest payments consolidation deal South Africa has seen in years, JSE-listed Araxi is acquiring an 80% stake in Pay@ Group to build an end-to-end fintech platform spanning retail, mobile POS, and digital channels. The fragmented payments landscape is about to get a lot less fragmented
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