iVeri Payment Technologies

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iVeri Payment Technologies is a fully remote company registered in Johannesburg, South Africa. Established in 1998, it provides payment technology solutions for physical stores, mobile commerce, and e-commerce. As of today, iVeri serves 13 banks across 19 countries, processing an estimated 400 million transactions annually.

Security and Compliance

iVeri prioritizes secure handling of customer card data by adhering to the Payment Card Industry Data Security Standard (PCI DSS) and maintaining EMV approval

History

Founded in 1998, iVeri began developing electronic payment technologies. Initially operating in South Africa and Namibia, they were at the forefront of e-commerce transactions in South Africa and introduced one of the first mobile point-of-sale (MPOS) devices in Africa. Since 2006, they have expanded their operations across Africa, offering various payment solutions in numerous African countries. Their mobile commerce system plays a vital role by enabling remote merchants, such as tourist trains and game lodges, to process transactions even in areas with limited infrastructure.

Core products

Payment Gateway

iVeri Payment Gateway provides mobile, internet, recurring payment, point of sale, and card-not-present card acceptance channels, including reporting and back-office functionality for both the bank and the merchants.

Subsidiary

iVeri has an investment in TouchPoint Payments (Pty) Ltd, a company that supplies point-of-sale (POS) terminals and software.

International Presence

Outside of South Africa, iVeri operates through iVeri Global Limited, which is registered in the Republic of Mauritius.