Virtual Pay International, a leading provider of digital payment solutions, proudly announces the acquisition of a Payment System (PS) license in Zambia under the brand “Prestwood Payments”. This strategic milestone marks a significant expansion of Virtual Pay International’s footprint in the global fintech landscape.
The PSP license granted by the regulating authority, the Bank Of Zambia underscores Virtual Pay International’s commitment to compliance, security, and innovation in delivering simple, seamless and secure payment experiences. This authorization empowers Virtual Pay International to facilitate electronic payments within Zambia, offering a wide range of financial services to businesses and consumers alike.
“Securing the PS license in Zambia is a testament to our unwavering dedication to fostering financial inclusion and driving digital transformation across Africa,” said Mr. David Morema, Group Chief Executive Officer, at Virtual Pay International. “This achievement underscores our commitment to delivering cutting-edge payment solutions that empower businesses and individuals while adhering to the highest standards of regulatory compliance and security. We are excited to enter the Zambian market, and look forward to collaborating with other players in the financial sector.”
Zambia represents a pivotal market for Virtual Pay International’s expansion efforts, given its rapidly evolving fintech ecosystem and growing demand for innovative payment solutions. With the PS license in hand, Virtual Pay International is well-positioned to capitalize on emerging opportunities and forge strategic partnerships to drive financial inclusion and economic growth in Zambia.
Virtual Pay International remains steadfast in its mission to revolutionize the digital payment landscape across Africa, leveraging advanced technology and strategic partnerships to empower businesses and consumers with secure, convenient, and accessible payment solutions.