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Paycorp & Triple-A partner to enable digital currency withdrawals in South Africa

By Delisha Fernandes

January 16, 2024

  • Android app stores
  • ATMs
  • Cash Withdrawals
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Paycorp, ATMs, Triple-A, Digital Currency, cash withdrawals, digital assets, digital wallet, iOS, Android app stores, FinTech news, FinTech Africa

Paycorp, a global payment company, has partnered with Triple-A, a Singapore-based digital currency payment institution.

The collaboration enables the Paycorp-powered CryptoExpress app users to utilise their digital currencies for cash withdrawals at thousands of ATMs across South Africa.

Steven Kark, CEO of Paycorp stated, “Our mission at Paycorp is to enhance cash accessibility, and this collaboration is a testament to this commitment. By joining forces with Triple-A, a trusted leader in the digital currency payments space, we are providing a new and convenient way for crypto holders in South Africa to access and make use of their digital assets.”

With more than two decades of experience in payment solutions, Paycorp specialises in ATM network management and transaction processing. The company operates South Africa’s largest independent ATM network, including the ‘Cash Express’ ATMs in residential, commercial, and retail areas.

The CryptoExpress app leverages a portion of Paycorp’s pre-existing network of Cash Express ATMs, which also support standard cash withdrawals and a range of digital wallet and voucher cash-outs, a clear indication of how the financial landscape is evolving to offer solutions where traditional banking and emerging payment methods converge.

With Triple-A as its processing partner, the CryptoExpress app facilitates cash-outs from Bitcoin (BTC), Ethereum (ETH), USD Coin (UDC), and Tether (USDT) funds and is available for free download on iOS and Android app stores. After successful registration and onboarding, CryptoExpress app users simply need to authorize the transaction in their digital currency wallet to receive a withdrawal voucher PIN generated by the app and insert their mobile number and the withdrawal PIN at a Cash Express ATM.

Eric Barbier, Triple-A Founder and CEO, said, “Triple-A is thrilled to partner with Paycorp, a powerhouse in the payment industry. Triple-A’s mission of bridging the gap between digital and traditional currencies perfectly aligns with Paycorp’s dedication to connecting more people to their money. Together, we are expanding the ways people interact with their digital currencies.”

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