Ozow & RelyComply Join Forces to Boost South Africa’s Digital Payments
- South Africa's payment landscape is increasingly incorporating account-to-account, mobile, and voucher payments.
- The rise in digital payment activity has led to a surge in fraud opportunities, including fake identities and mule accounts.
- Ozow is embedding RelyComply's AI verification tools into its onboarding process to detect high-risk profiles.
The partnership between Ozow and RelyComply represents a proactive approach to addressing the challenges posed by increased digital payment activity. By prioritizing security and compliance, they are setting a standard for the industry that could lead to greater consumer trust and wider adoption of digital payment solutions.
