Peach Payments, a leading African payment service provider, and RelyComply have formed a new partnership designed to strengthen compliance frameworks as Peach Payments scales across the continent.
The collaboration is driven by Peach Payments’ goal to enhance its anti-money laundering (AML) and know-your-customer (KYC) processes while expanding into new African markets. By automating compliance checks, the company aims to manage rising transaction volumes and maintain regulatory integrity.
Peach Payments is known for its secure payment gateway used by e-commerce platforms, FinTechs, and subscription-based businesses. The firm offers fast, simple, and secure infrastructure that enables merchants to send and receive payments seamlessly. Its footprint currently spans South Africa, Kenya, and Mauritius, with plans to accelerate its growth following its acquisition of West African player PayDunya.
RelyComply provides a unified platform for automated AML processes, including payment screening, customer risk profiling, and real-time reporting. Its technology enables companies to gain a comprehensive 360° view of customers, vendors, and transactions, helping them adapt to shifting regulatory risks.
The partnership equips Peach Payments with tools to automate identity verification, improve transaction monitoring, and streamline regulatory reporting. This infrastructure supports the company’s strategy to increase transaction volumes across Africa while maintaining strong compliance controls in multiple jurisdictions.
Additional benefits presented by RelyComply include reduced operational burdens, lower compliance costs through automation, adaptable risk-based monitoring, and rapid alert investigations via real-time reporting capabilities.
Peach Payments CEO Rahul Jain said, “With a new platform in place to maintain accurate checks and automated AML, including transaction monitoring, we can uphold our existing compliance processes while increasing the quality of our services as we manage higher customer numbers and transaction volumes across multiple jurisdictions.”
RelyComply CEO Bradley Elliott said, “Our single, unified platform provides the foundation for Peach Payments’ broader AML workflows, enhancing their status as enterprise security leaders in the payments space. Together, we ensure the company’s customers can transact confidently in a fast-moving digital payments landscape.”
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