Vantage Payment Systems Gains Funding for Digital Transformation
Vantage Payment Systems, a prominent Moroccan fintech company, has successfully secured an investment from the esteemed AfricInvest fund. This significant financial backing is poised to propel the company's expansion into the physical payment terminal market within retail establishments, while simultaneously enhancing its online commerce services. The strategic objective behind this initiative is to accelerate the digitalization of merchant transactions across Morocco, a nation where nearly 90% of electronic payments are still conducted at physical points of sale. This investment represents a crucial step towards modernizing the payment landscape in Morocco, positioning Vantage Payment Systems at the forefront of the fintech revolution in the region.
As reported by wearetech.africa.
