“However, there are unique market challenges and opportunities in how payments are made and collected on the continent. The most glaring is the immense fragmentation of the payments ecosystem, with more than 280 licensed payment service providers, 42 currencies and the unique consumer payment cultures that exist.”

https://techcrunch.com/2023/09/27/qed-and-partech-back-south-african-payment-orchestration-platform-revio-in-5-2m-seed/