Direct Transact enables banking. The company provides world-class cloud-based transaction infrastructure to banks, retailers and other businesses that want to launch innovative banking and payment solutions in the market.
Since its launch in 2002, when Direct Transact became the first independent Software-as-a-Service (SaaS) provider to the financial services industries in South Africa, it has built an unrivalled track record as a trusted banking solutions provider to the top brands in the financial services space. Today, it processes more than ZAR 30billion per month across 21 currencies for 70% of all clearing and settlement banks in SA. The Direct Transact client list includes Barclays, alBaraka, BNP Paribas, African Bank, Standard Chartered, Sasfin and Bidvest Bank. Most of their customers have been loyal for more than 10 years.
Direct Transact is regulated by the Payments Association of South Africa (PASA) and certified by Bankserv to enable banks to participate in all payment streams. It is also a certified international third-party provider for both issuing and acquiring services for Visa and MasterCard, and fully PCI DSS compliant.
Direct Transact is investing in an open finance and borderless future to bolster accelerated innovation and inclusivity in the global payments ecosystem. For more information visit www.directtransact.co.za and https://www.linkedin.com/company/direct-transact.