Paymentology (South Africa): A quiet South African card-processing company built the boring infrastructure that lets African fintechs issue Visa and Mastercard cards in 68 countries
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Show notes
This is the story of two parallel companies, one in South Africa, one in the United Kingdom, that were rolled up by a third, dragged through losses that should have killed them, rebuilt around a new CEO from the biggest United States competitor in the category, and turned into the quiet infrastructure layer underneath some of the most ambitious banking experiments on the planet..
