Who we are

Steven Kark co-founded ATM Solutions after reading an article in Forbes magazine about how a few gutsy American entrepreneurs had launched low cost independent ATMs across the United States. He called them up and met with them to discuss his desire to place ATMs closer to where people lived, worked and shopped. In March 2000, ATM Solutions installed its first ATM in South Africa – and today ATM Solutions operates ATMs in southern Africa, Eastern Europe and most recently, the United Kingdom.

Paycorp is now a leading emerging market payments provider with four autonomous businesses in eighteen countries and employs over 600 people

  • ATM services: ATM Solutions, which provides an end-to-end ATM services
  • Merchant acquiring: EFTPOS, which provides traditional and mobile point-of-sale solutions
  • Micro and bill payments: Kazang, which provides terminals that enable retailers to sell prepaid airtime, data bundles, electricity, lotto tickets and remittance
  • Prepaid and mobile payments: Tutuka, which is a specialist prepaid card issuer, processor and open-loop enabler for mobile wallets

The spirit of our company is all about having fun, making money and doing good. Every business decision, from implementing processes to hiring people to pioneering new products, uses these core principles. Entrepreneurship is in Steven’s blood, and combined with almost two decades of experience and expertise in the payments industry, Paycorp is a highly credible and trusted partner.

Paycorp add value to merchants, vendors, partners and the wider community with its purpose of connecting people to their money and businesses to their customers.

Our vision

Innovation, excellence and integrity

Our vision is to be a leading provider of payment solutions in developing economies. How will we do this? By using the powerful resources we already have, and building on these by acquiring and enhancing suitable businesses, technologies and products. We believe in innovation, personal development, accountability, fun, service excellence, transparency, integrity and respect.

Our values

Shaping our unique culture

We value innovation to creatively explore new options by monitoring trends and responding to change in ways that make sense for our business. We believe in personal development and equal opportunity for all. We are accountable and take responsibility for meeting our commitments and focus on finding solutions and achieving results. Having fun is an important ingredient of life and we celebrate our achievements and enjoy our accomplishments. We take our jobs seriously but try not take ourselves too seriously. Providing outstanding service to our internal and external counterparties and customers differentiates us.  We do the right thing even in the face of extreme discomfort. We strive for alignment in what we say and do with open and honest communication.