Source: Technode Global
Global payment company Paycorp, has partnered with digital currency payment institution Triple-A to allow users of the Paycorp-powered CryptoExpress app, to use their digital currencies to make cash withdrawals at over 3,000 ATMs in South Africa.
By offering digital currency holders a simple and practical way to convert their digital currencies and withdraw them in South African Rands, this partnership heralds a new era in integrating digital assets into day-to-day transactions and promoting financial inclusion, the duo said in a statement on Monday.
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With more than two decades of experience in payment solutions, Paycorp is renowned for its ATM network management and transaction processing solutions and operates South Africa’s largest independent ATM network, comprising Paycorp’s “Cash Express” ATMs strategically positioned in residential, commercial, and retail areas nationwide.
According to the statement, the CryptoExpress app leverages a portion of Paycorp’s pre-existing network of Cash Express ATMs, which also support standard cash withdrawals and a range of digital wallet and voucher cash-outs, a clear indication of how the financial landscape is evolving to offer solutions where traditional banking and emerging payment methods converge.
With Triple-A as its processing partner, the CryptoExpress app facilitates cash-outs from Bitcoin (BTC), Ethereum (ETH), USD Coin (USDC), and Tether (USDT) funds and is available for free download on iOS and Android app stores.
After successful registration and onboarding, CryptoExpress app users simply need to authorize the transaction in their digital currency wallet to receive a withdrawal voucher PIN generated by the app and insert their mobile number and the withdrawal PIN at a Cash Express ATM.
“Our mission at Paycorp is to enhance cash accessibility, and this collaboration is a testament to this commitment,
“By joining forces with Triple-A, a trusted leader in the digital currency payments space, we are providing a new and convenient way for crypto holders in South Africa to access and make use of their digital assets,” said Steven Kark, Chief Executive Officer of Paycorp.
Eric Barbier, Triple-A Founder and Chief Executive Officer, also said Triple-A is thrilled to partner with Paycorp, a powerhouse in the payments industry.
“Triple-A’s mission of bridging the gap between digital and traditional currencies perfectly aligns with Paycorp’s dedication to connecting more people to their money,
“Together, we are expanding the ways people interact with their digital currencies,” he added.
Paycorp is a global payments company headquartered in South Africa, operates in Southern Africa and Eastern Europe with offices in seven countries and over 400 highly skilled employees.
With almost 25 years of experience, Paycorp is a payments provider that offers a wide range of payment products and services, including cash management, transaction processing, value-added services and business funding.
Its goal is to connect more people to their money and more businesses to their customers.
Triple-A is a digital currency payment institution that enables businesses to pay and get paid in both traditional and digital currencies, volatility-free.
The firm is licensed as a payment institution by the Monetary Authority of Singapore as well as in the European Union by the ACPR and registered as a Digital Asset Service Provider by the AMF under the aegis of Banque de France.
The company is also registered with the US Financial Crimes Enforcement Network (FinCEN) as a Money Service Business.
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Source: Technode Global
