Prepaid electricity is a complex VAS. A leading bank identified an opportunity to enhance their offering by partnering with Electrum. Find out how in our blog: https://lnkd.in/dmyKPRgV #VAS #PrepaidElectricity
Electrum
Financial Services
Observatory, Western Cape 20,805 followers
Next-Generation Payments Software
About us
Electrum is the expert in next-generation payments software, enabling leading banks and retailers to quickly respond to customer and business payments needs. Since 2012, we have established ourselves as a respected software partner through our deep expertise and track record in delivering trusted cloud-native payments solutions.
- Website
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https://www.electrumsoftware.com
External link for Electrum
- Industry
- Financial Services
- Company size
- 201-500 employees
- Headquarters
- Observatory, Western Cape
- Type
- Privately Held
- Founded
- 2012
- Specialties
- Payments, Value Added Services, FinTech, Cloud, SaaS, Omni-channel, Digital Transformation, Enterprise Software, Transaction Switching, Retail, Financial Services, Digital Payments, Money Transfer, Banks, Mobile Network Operators, APIs, Clearing House Payments, System Integration, and Software
Locations
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Primary
Get directions
51 Gogosa St
Riverlands Building 3
Observatory, Western Cape 7925, ZA
Employees at Electrum
Updates
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Young South Africans are driving digital payments. But we cannot rely only on the tech-savvy youth alone to accelerate progress. How can we broaden financial inclusion, and drive trust in digital payments across South Africans? Thanks again to The Outlier for this insightful visualisation of the data within the SARB’s report.
South Africa’s young adults are leading the shift toward digital payments. Among people aged 18–34, who are either working or students, 60% use banking apps and nearly a third use digital payment options such as mobile wallets like Nedbank MobiMoney, QR codes, or apps like SnapScan, PayFast, Masterpass, Apple Pay, and Samsung Pay. In comparison, just 6% of the overall population use these methods. This is according to the latest South African Reserve Bank Payments Study, based on a survey of 4,600 people between June and December 2023. Chart produced with the support of partner Electrum For more weekly charts like this subscribe to The Outlier newsletter for free: https://lnkd.in/gGVR5EvA
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AI is transforming payments - from fraud detection to customer experience - but success depends on data quality, ethical governance, and deep expertise. This, and more, was discussed at #PIPC2025 by Anton van Zyl and Nick Pentreath. Read more insights in our blog, here: https://lnkd.in/dT8VtUDe #ModernisedPayments #AIinPayments
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A nice heartfelt thank you to the PIPC team for a great event. Congratulations PASA - Payments Association of South Africa on an amazing #PIPC2025! It was amazing to see the industry come together to discuss, brainstorm, and share around the future of payments. What a way to inspire innovation. Thank you to all who shared their insights, and particularly to the PIPC team!
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A leading bank needed a stable money transfer solution - quickly. Partnering with Electrum, they now process millions of transactions monthly. Find out how in our latest case study. https://lnkd.in/dnNYAVP6 #VAS
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High-value payments are core to corporate banking. Reliable, modernised, and real-time high-value payments can give a bank's corporate clients the edge they need to win. Learn about our approach here: https://lnkd.in/dzY5qn2v #highvaluepayments
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Coffee helps with focus, energy, and can be a centre for connection. Enjoy a coffee on us at PASA - Payments Association of South Africa's #PIPC2025 and fuel your morning to fuel the future of payments.
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Banking is shifting to ISO 20022 standards for SWIFT with CBPR+. Richer data and real-time payment capabilities give banks security and help them compete. Read more about our exploration of CBPR+: https://lnkd.in/dtC_KPqE #electrumsoftware #SWIFT
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