Lesaka Fintech Solutions Win Big at 2025 ABSA Commercial Payments Awards

Lesaka Technologies, the fintech powerhouse listed on both the NASDAQ and Johannesburg Stock Exchange (JSE), is celebrating a major victory after its subsidiaries Kazang and Cash Connect were recognised at the prestigious Absa Commercial Payments Awards 2025. The group’s commitment to innovation in both the formal and informal financial sectors has earned it industry acclaim as a leader in inclusive and secure payment solutions.

Cash Connect clinched the title of Most Progressive Device Cash Solutions Provider, while Kazang walked away with the award for Most Disruptive Fintech Shaping Financial Inclusion Vision.

A dual win for a dual-market approach

Speaking on the win, Steven Heilbron, Head of M&A and Corporate Development at Lesaka, said:

“We have always seen ourselves as innovators and disruptors with our holistic merchant solutions in both cash and digital, and to be recognised in both markets is extremely encouraging.”

Lesaka’s success lies in its ability to serve a diverse range of merchants – from informal traders and spaza shops to large retailers – through a comprehensive fintech ecosystem. Its offerings span card and cash acquiring, digital payments, lending, software solutions, and data analytics.

Kazang: A force for financial inclusion

Kazang’s award highlights the company’s impact on financial inclusion, especially within underserved communities. The fintech provides micro-merchants with tools that reduce reliance on cash, improve efficiency, and lower transaction costs. Its services currently support over 90,000 merchants, driving R72 billion in throughput annually.

Jonathan Thomson, Executive Head for Commercial at Kazang, said:

“We are building a holistic ecosystem tailored to township merchants, making it easy, affordable, and rewarding for them to transact and grow their businesses.”

Kazang’s platform is not only helping small businesses reduce the risks associated with cash but also encouraging them to embrace digital transactions.

Cash Connect: High-tech security made local

Cash Connect has long been a trusted cash service provider to major South African brands like Spar, Pick n Pay, Engen, and Shell. Its locally manufactured vaults, built to SABS Cat 4 standards, offer a safe and intelligent solution for high-crime areas.

The EasyPay Cash ATM recyclers, which function as drop safes, recyclers, and dispensers, digitise cash instantly, reducing CIT fees and offering rebates to merchants. These innovations bring world-class efficiency to local businesses, boosting security and operational control.

A clear fintech leader in Southern Africa

From urban centres to rural townships, Lesaka is transforming the way commerce happens in Southern Africa. The group’s commitment to a multi-product, inclusive financial platform continues to set it apart in a crowded fintech space.

By bridging the gap between tradition and technology, Lesaka is not only driving business success but also creating a future where every merchant – big or small – can thrive in the digital economy.

{Source: MSN}

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