Ozow, FNB and RMB Launch API-Based Payment Solution in South Africa

South African fintech Ozow has partnered with First National Bank (FNB) and Rand Merchant Bank (RMB) to introduce a new API-driven payment solution designed to enable faster, more secure account-to-account transactions. According to Endeavor South Africa, the new payment API replaces traditional electronic funds transfer (EFT) processes with real-time, bank-authorised payments. The solution allows customers to authenticate transactions directly through their banking apps using familiar security