Tata-iMali

Tata-iMali

Technology, Information and Internet

Cheaper, Smarter, Faster

Follow

About us

South Africa’s informal economy is powered by 28 million lower-income consumers and 1.8 million merchants, with over 700,000 merchants accepting only cash. This forces 19 million consumers to withdraw cash, costing $1.3 billion annually—$500 million in consumer withdrawal fees and $800 million in merchant theft. Despite efforts from financial institutions and fintechs, the drive for digital transformation is stalled by high costs that burden both consumers and merchants. Tata-iMali revolutionizes this space with a secure, multi-sided payments platform that offers the lowest transaction costs in the market. Consumers benefit from a digital wallet and virtual card with no monthly fees, instant settlements, and a market-leading 0.5% EFT transaction fee. Merchants access a virtual POS with no banking fees, no hardware requirements, instant settlements, and a 1.3% processing fee, the lowest available. Leveraging the Lisk Layer 2 blockchain, Tata-iMali uses wrapped ZARP—a highly trusted, fiat-backed stablecoin managed by South Africa’s oldest financial institution—ensuring ultra-low transaction fees, rapid settlement times, and high throughput. Targeting Gen Z, Millennial consumers, SMEs, and mass-market retailers, Tata-iMali is poised to transform digital payments, aiming for 100 million transactions in the next 36 months, with a Service Obtainable Market projected to reach $320 million by 2029. Our team combines unparalleled financial innovation expertise with strong leadership from traditional finance and Web3, positioning Tata-iMali at the forefront of South Africa’s digital payment revolution.

Industry
Technology, Information and Internet
Company size
2-10 employees
Type
Privately Held

Employees at Tata-iMali

See all employees

Updates

Similar pages