Peach Payments, a leading African payment service provider, has partnered with the global Anti-Financial Crime platform RelyComply to strengthen its anti-money laundering AML and know-your-customer KYC compliance capabilities and support its expansion into new African markets.
Recognised as one of the 100 Most Innovative Fintech Startups of 2024 by CB Insights, Peach Payments offers a secure payments gateway for e-commerce platforms, fintechs, and subscription services. The company focuses on providing merchants with a simple, fast, and secure infrastructure for sending and receiving payments.
Peach Payments currently serves South Africa, Kenya, and Mauritius and aims to scale its transaction volumes across Africa, with its recent acquisition of West African company PayDunya as the kickoff. The partnership with RelyComply enables Peach Payments to automate and streamline processes such as verifying customer identities KYC and monitoring transactions to meet AML regulations.
