The enza group: A new contender enters the African payments industry

The enza group: A new contender enters the African payments industry

Cairo, Egypt – A team of highly-experienced payments industry professionals have today launched the enza group (enza), a payments company focused on servicing the growing needs of banks, fintechs, and MNOs across the African continent.

The African consumer payments landscape remains dominated by cash, with global management consulting firm McKinsey[1] estimating that only 5 to 7 percent of all payment transactions in Africa are made via electronic or digital channels. As a result, McKinsey anticipates that between 2020 and 2025, the electronic payments market in Africa will grow by around 150 percent.

enza has been formed to address this rapidly growing market demand and further accelerate the displacement of cash. The company is spear-headed by Group CEO Hany Fekry and Group COO Hamish Houston, both of whom were instrumental in the growth of the EMP Group, which serviced more than 180 banks across Africa.

enza focuses on providing native digital payments capabilities to service institutions that want to enable their customers to accept or make electronic payments, a space that was previously dominated by banks, but is increasingly served by MNOs, fintechs, and government entities. enza’s platform is an award-winning, token-based, cloud-native, API-first system that is provided with an open development environment that