Payments Network
Core Solutions
AddPay offers an end-to-end payment network that makes it easier, simpler and more cost effective for our customers and partners to accept payments.
“
AddPay has revolutionised payment processing platform for merchants. Their innovative solutions have significantly enhanced merchants’ operational efficiency and customer satisfaction. With AddPay, we have experienced client specific customised solutions, seamless integration and unparalleled support, making them an invaluable partner.
Zac Makhokha
Head of Operations, Absa
About Us
Core Solutions
AddPay offers an end-to-end payment network that makes it easier, simpler and more cost effective for our customers and partners to accept payments.
Are You an Aspiring Payment Facilitator?
If your business model includes making payments a core part of your customer experience, we provide the training, infrastructure and compliance requirements you need to qualify as a PSP.
Tailored Payment Solutions
Becoming a PayFac is a huge undertaking. It’s costly and the approval rate is low. But we have the right agreements and authorisations in place to help businesses become payment facilitators.
about the incubation program
We help you build your business case by demonstrating transaction history and offering legal support for regulatory compliance.
Understanding the
PayFac Ecosystem
inner core
01
Settlement
Participants
Participants
02
Clearing
Participants
Participants
03
Payment
Services
Services
04
Third party
Payment Providers
Payment Providers
05
Customers
inner core
01
Payment System
Operators (PSOs)
These entities provide the infrastructure necessary for the clearing and settlement of transactions. As a PayFac, your operations will intersect with these systems, particularly in how you manage transaction flows, settlements, and compliance with the rules set forth by PSOs.
02
System Operators (SOs)
As a Payment Facilitator, you'll need to interact with System Operators that provide services and infrastructure critical for facilitating payments. This includes the technology and services that enable secure transaction processing, which is a core part of the AddPay Incubation Program's training.
03
Payment Clearing House System Operators (PCH SOs)
They play a crucial role in the processing and clearing of payment instructions. Understanding their function is essential for managing the risks associated with clearing and settlement, which is a focus during the Implementation phase of the program.
04
Banks and Payment System Participants
As a PayFac, you'll need to develop strong relationships with banks, as they are key to the success of your operations. Banks provide the necessary accounts and settlement services, and understanding the regulatory framework in which they operate is crucial.
05
Regulators (South African Reserve Bank and PASA
Compliance with regulatory requirements set by the SARB and PASA is mandatory for PayFacs. The AddPay Incubation Program emphasizes this through comprehensive training on compliance instruments such as PCI DSS, AML, and SARB regulations.
Should I Become A payfac?
benefits
Considerations
Evolving into a Payment Facilitator (PayFac) is a significant strategic decision that requires careful evaluation of your company’s unique goals and needs. While some businesses may see substantial benefits, the move to become a PayFac isn’t suitable for everyone and should be weighed against critical factors.
benefits
Fee Savings with Scale
As a PayFac, companies can reduce payment processing costs by leveraging economies of scale.
Tailored Solutions
Gain the flexibility to create a precise set of payment features that align with your business objectives.
Service Expansion
Develop the ability to offer payment services to other businesses, diversifying your revenue streams.
Considerations
Complexities & Time
Becoming a PayFac is a complex process that demands time, resources, and expertise.
Tailored Solutions
Gain the flexibility to create a precise set of payment features that align with your business objectives.
Banking Relationships
Establishing and maintaining strong banking partnerships is vital for a successful PayFac operation.
Service Expansion
Develop the ability to offer payment services to other businesses, diversifying your revenue streams.
Cost Implications
There are significant upfront and ongoing costs that must be carefully assessed.
The AddPay Incubation Program is structured into three key stages
Stage 01
Scoping
Understand the business's ultimate goals and assess
the current platform's capacity versus market potential.
the current platform's capacity versus market potential.
Duration
Approximately six months.
Focus Areas
- Identifying necessary services (e.g. merchant onboarding, point of sale systems)
- Compliance requirements (infrastructure, legal framework, knowledge, and staff)
- Risk mapping (regulatory framework, fraud prevalence, and required skills and policies)
Stage 02
Incubation
Train staff on AddPay's systems and prepare the business for PayFac operations.
Duration
Approximately six months.
Training Areas
- Utilization of AddPay's Operating Platforms (TMS, PayCloud, Genesis)
- Merchant onboarding and support Compliance training (PCI, ISO, PayFac regulations)
- Understanding of POPI, AML, fraud, and reporting protocols
Stage 03
Implementation
Set up and host the PayFac platform, including legal
frameworks, policies, and back-office SOPs.v
frameworks, policies, and back-office SOPs.v
Duration
Approximately six months.
Training Areas
- White label platform setup and hosting
- ERP setup, payout management, billing, and reconciliation
- Device setup and linking with banking systems
Client Stories
Implementing the AddPay Payments Network has transformed our payment processes, making them more efficient and secure.
Since partnering with AddPay, our debit order integration has been seamless, helping us manage unpaid transactions. AddPay is progressive, listens to our needs, and their skilled team aligns with our vision
.webp)
.avif)
Green Plate
Enhancing Payment Efficiency for Green Plate
Since partnering with AddPay, our debit order integration has been seamless, helping us manage unpaid transactions. AddPay is progressive, listens to our needs, and their skilled team aligns with our vision
Green Plate
Enhancing Payment Efficiency for Green Plate
incubation program
Payment Network Partners
Expand your Business Reach with our Network Partners
Are you an Aspiring Payment Facilitator?
