Our EcoSystem - Mycomax MicroFinance Solutions

OUR ECOSYSTEM PARTNERS - SOUTH AFRICA

Built in Africa. Built for Africa. OUR ECOSYSTEM COLLABORATORS

Mycomax operates across six countries, with each regional presence built around the specific compliance requirements, payment partners, and market conditions of that territory. One platform. Always adapted for where you are.

We do not deploy a generic global product in each new market. We build local EcoSystem partnerships, understand the local regulatory environment, and adapt MAXMONEY to work the way lending works in each country.

South Africa

South Africa is the home market and the deepest expression of what MAXMONEY can do. The South African microfinance industry is one of the most regulated in the world, and MAXMONEY has been built to meet every requirement the National Credit Act places on a registered credit provider.

Compliance

MAXMONEY automates SACRRA data submissions across all five South African consumer bureaus. Affordability assessments are built into the origination workflow. NCR registration requirements are handled within the platform. FIC and POPI obligations also covered.

Collections

South Africa’s DebiCheck system requires authenticated debit orders. MAXMONEY supports both TT1 and TT3 authenticated collection types. Payment collection partners include ALLPS and SureSystems.

Electronic Payouts

Electronic loan disbursements processed through ALLPS, Amber, and PayShap via PayAccSys and ALLPS.

Credit Bureaus

MAXMONEY integrates directly with Experian, XDS, and VeriCred. The XDS MFI Score provides microfinance-specific credit assessment. Credit checks happen inside MAXMONEY at the point of application.

Credit Protection Insurance

Credit life insurance integration through ASPIS, Kepler, Universal, DC Credit, and GroupsRUs. Policies applied automatically at the point of lending.

Funeral Insurance

Value-added funeral insurance available through GroupsRUs and LifeWize as part of the broader product suite.

AML and FIC Compliance

MAXMONEY integrates with Beeswax Powered by Lemonaide for AML and FIC compliance, covering sanctions checks, PIP/PEP checks, and identity document verification.