Ozow
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Ozow

https://ozow.com/
Last activity: 30.07.2026
Active
Categories: AfricaTechB2CE-commerceFastFinTechITMobileOnlineServiceSmart
Ozow is the future of payment as we know it. An oh-so (or Ozow) easy, automated and ultra-secure EFT solution that helps customers pay in just a few seconds, merchants can initiate Ozow payments through a variety of payment platforms, such as SMS, eCommerce, eBilling, QR Code and instore Point-of-Sale (POS).

Through Ozow’s precise and secure system (that reduces the risk of charge-backs), merchants get real-time payments with instant transaction notifications and automated bank reconciliations. As no card is required for payment, their products are also more widely available, resulting in less abandoned carts, increased sales and more happy customers. Furthermore, merchants enjoy transaction fees as low as 1,5%, with no monthly costs, setup fees, or minimum charges, enabling them to save their money. As an added bonus, merchants processing up to R1m per month can use Ozow for free in their first year, no strings attached.

Ozow is committed to financial inclusion on a continent where many people are disenfranchised by a lack of payments options. Furthermore, Ozow is committed to making it affordable for smaller businesses to take their trade to a wider audience, and to ensure that if traditional payment methods are unavailable, merchants don’t suffer.

To date, Ozow has processed over a billion transactions, and has processed a combined value exceeding R5 billion.

Ozow is bringing commerce to a wider audience, promoting financial inclusion and innovating for our customers. Paying with us is Ozow easy, Ozow fast and Ozow trusted!
Likes
13.18K
Followers
1.48K
Website visits
3.1M /mo.
Mentions
50
Location: South Africa, Western Cape, Cape Town
Employees: 51-200
Total raised: $48M
Founded date: 2014

Investors 3

Funding Rounds 1

DateSeriesAmountInvestors
25.11.2021Series B$48M-

Mentions in press and media 50

DateTitleDescription
30.07.2026Ozow Adds FNB and RMB Bank API Payments, No Merchant Integration NeededBy Zachary Chambers Published: Jul 30 2026, 11:45 AM EDT Share on Facebook Share on Twitter Share on LinkedIn Share on Reddit Share on Flipboard
21.05.2026Three years in, PayShap pivots to merchantsSouth Africa’s PayShap instant payments system has passed six million registered users and 905 million transactions since its 2023 launch, operator PayInc said on Thursday – even as the system’s owners acknowledged that costs and inconsiste...
16.04.2026Duplo and Ozow Announce Strategic Partnership to Transform Local Payments and Expense Management for Businesses in South AfricaShare this: Share on Facebook (Opens in new window) Facebook Share on WhatsApp (Opens in new window) WhatsApp Share on X (Opens in new window) X Share on LinkedIn (Opens in new window) LinkedIn Email a link to a friend (Opens in new window)...
05.11.2025Romeo Kumalo, Gil Oved to set up R3.5-billion tech fundFrom left, Romeo Kumalo and Gil Oved LLH Capital, a private equity firm led by Romeo Kumalo and Gil Oved, sold down a significant portion of its stake in Optasia during the latter’s JSE listing on Tuesday and now plans to use the funds to i...
10.09.2025TymeBank rolls out PayShap Request for merchant partnersDigital challenger bank TymeBank has introduced a PayShap Request payment option that third-party payment service providers can offer to merchants to use with their clients. According to a statement by the bank on Wednesday, the functionali...
29.01.2025Casinoble South Africa Highlights Instant EFT as the Best Payment Method for Online Casino PlayersCasinoble South Africa Highlights Instant EFT as the Best Payment Method for Online Casino Players Wed, Jan 29, 2025 16:08 CET Report this content Cape Town, South Africa – January 29, 2025: South African online casino players are increasin...
27.12.2024To increase access to SME financing, SA fintech Sourcefin secured $8.2 M funding from FuturegrowthFuturegrowth Asset Management has contributed ZAR150 million (US $8.2 million) to Sourcefin, a fintech and alternative funding provider based in South Africa that offers small and medium-sized businesses (SMMEs) access to financing and spec...
30.05.2023Global CFD Broker RaiseFX Announces The Addition of OZOW, powered by Rapid Payments in South AfricaRaiseFX Global CFD Broker CAPETOWN, SOUTH AFRICA, May 30, 2023/EINPresswire.com/ -- RaiseFX, a leading multi-regulated CFD broker, is pleased to announce the addition of Ozow, powered by Rapid Payments (https://ozow.com/) to its list of par...
26.04.2023S Africans still clinging to cash, but that may soon changeThe message from South Africa’s fintech sector is clear: cash should no longer be king in South Africa and a move to digital open banking is imperative. Speaker after speaker at a conference hosted by Ozow held in Cape Town on Tuesday stres...
07.02.2023Startups in the billing space you need to knowThey include Chargebee, Zentoni, DeferIt, SplitWise, and Monetize360 Like nearly eveything else, digitization has changed the way we pay for things. I'm not only talking about electonic payment consumer apps like Zelle and Venmo, but even t...
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