Paycorp Holdings ^Company

Paycorp (www.paycorp.co.za) provides and operates a range of payment solutions including ATMs, card issuing, and acceptance technology. ATM Solutions owns and operates a network of over 5,000 ATMs across Southern Africa, Tutuka (www.tutuka.com) specializes in building and running prepaid card systems, Kazang (www.kazang.com) is one of Africa's leading micro-payment processing services and EFTPOS provides merchant debit and credit card acceptance solutions as well as ZipZap mobile point-of-sale (www.zipzap.co.za). The company was founded in 1999 by South African Steven Kark, with its first ATM deployed in March 2000. Steven's approach to delivering payments solutions has always been driven by an entrepreneurial spirit and an ongoing culture of innovation. Providing financial inclusion is a key strategic focus for Paycorp, who believes in providing better access to banking services for the under-banked. Paycorp prides itself on its corporate governance. The company was one of the first local businesses in the financial services sector to achieve PCI compliance, the industry-mandated security standard that applies to all businesses that store, process or transmit credit, and/or debit card data. Paycorp has long-term relationships with many of the banks and card associations in the countries in which it operates. Paycorp also enjoys representation and collaborative engagement with all regulatory bodies. Today, Paycorp operates in 16 countries across sub-Saharan Africa and South East Asia with a fledgling business in Eastern Europe and has deployed over 5 000 ATMs, 22 000 terminals, and 500+ card programs.