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flag Payfast founder Jonathan Smit acquires iVeri, a South African payment tech provider.

flag Jonathan Smit, founder of Payfast, has acquired iVeri, a South African payment technology provider with decades of experience. flag The deal brings together Smit's expertise in scaling digital platforms with iVeri's established presence across multiple African markets. flag Founders Barry Coetzee and Roland Elferink are retiring, and Smit aims to preserve iVeri's legacy of stability while ensuring continued local ownership and control over data.

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