Stitch, a leading South African payments infrastructure company, has joined forces with Standard Bank’s global money app, Shyft, to offer instant top-ups for Shyft wallet users across all banks in South Africa.
Founded in February 2021, Stitch has rapidly established itself as a key player in the payments sector, providing businesses with the tools to seamlessly integrate financial services and improve operational efficiency. The company’s API and payment solutions enable businesses across various industries to connect to financial systems, enhancing user experiences and reducing operational complexities.
Now, with a funding total of US$52 million, Stitch is expanding its reach through a strategic partnership with Shyft. The collaboration addresses the growing demand for quicker access to funds by Shyft customers. Through this partnership, users will be able to top up their Shyft wallets instantly using any bank card in South Africa.
Kiaan Pillay, CEO and co-founder of Stitch, expressed excitement about the partnership, highlighting the value it brings to Shyft’s user experience. “We’re thrilled to collaborate with Standard Bank to enhance the Shyft app. Shyft customers often need real-time access to their funds, and with instant top-ups via bank cards, we’re meeting that need. Now, users from any bank can manage their money with ease—investing, exchanging funds, or sending money to friends and family—all in real time,” he said.
Dani Morley, executive head of growth at Shyft, emphasized the importance of selecting a partner that could provide the speed, security, and convenience required by their customers. “We needed a payments partner that could match the expectations of our users, delivering speed and reliability. Partnering with Stitch has allowed us to offer our clients faster service and flexible funding options. This collaboration means customers from any bank can easily fund their Shyft wallets, making it easier than ever to access their funds,” Morley explained.
The partnership between Stitch and Shyft is poised to significantly enhance the app’s offerings, providing South African consumers with a faster and more convenient way to manage their finances.
