- iVeri provides enterprise-grade payment gateway, mPOS and omni-channel processing.
- Payment industry faces fraud risk, real‑time demands and regulatory complexity.
IVeri Payment Technologies company: Origins and capabilities
iVeri Payment Technologies (Pty) Ltd was founded in 1998 and is based in Sandton, Johannesburg with a regional office in Nairobi. CEO Barry Coetzee established iVeri to develop payment technologies tailored for African banks and merchants. The company supports customers in South Africa, Namibia, Zimbabwe, Angola, Kenya, Ethiopia and Tanzania and processes millions of transactions monthly.
Today iVeri offers a recognized omni‑channel Payment Gateway solution. The platform supports online, in-store POS, mPOS and eCommerce integration. The company ensures PCI‑DSS level 1 certification in Sub‑Saharan Africa and designs its products in‑house to meet international standards while remaining cost‑effective for developing markets.
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IVeri Payment Technologies innovation: MPOS and payments infrastructure
iVeri became the first African company to deploy a fully certified EMV mPOS solution in November. The company also announced a strategic partnership with CyberSource to enhance its eCommerce fraud management capabilities. These developments demonstrate the firm’s drive to innovate mobile acceptance and secure online payments in emerging markets.
Its technology stack and BackOffice solution deliver scalability and flexibility. iVeri’s dedicated team of engineers and support staff work with banks to customise payment channels suited to local business contexts. The firm’s long presence in the industry has earned recognition including a Frost & Sullivan Technology Leadership Award and Best Mobile Payment Product of the Year from Intermarc for its mPress offering.
Payment sector industry: Challenges and risks
The payments industry in Africa and globally faces fast‑evolving challenges. There is rising demand for real‑time payments, biometric and mobile acceptance tools. Organizations must balance these innovations with fraud risk and regulatory compliance.
Regulatory change such as ISO 20022 migration, increasing token standards and fraud mitigation capabilities require investment in modern infrastructure. Service providers need to upgrade legacy systems to support real‑time, multi-channel settlement workflows while preserving resilience. The workforce also needs skills to manage AI‑driven fraud detection and compliance demands.
IVeri Payment Technologies industry relevance: African fintech specialist
iVeri stands out in the African fintech ecosystem due to its deep focus on banking-grade payments tailored to local market conditions. Its omni‑channel gateway enables banks to own the full payment acceptance stack. Its in‑house development approach allows customization for diverse business environments.
The company’s innovations such as certified mPOS solutions and partnerships with global fraud platforms help African banks and merchants compete with international fintech entrants. iVeri’s continued evolution supports financial inclusion and secure payment adoption across underserved regions.
