TurnStay processes $61.5m travel payments in six months

THE NEWS: TurnStay, a South African fintech startup that enables African travel businesses to receive payments from international guests, has processed more than ZAR1 billion (US$61.5 million) in transactions so far this year, a milestone reached in just six months.

DETAILS:

WHY IT MATTERS:
TurnStay’s rapid transaction volume demonstrates strong demand for efficient cross‑border payment solutions in Africa’s travel sector, potentially lowering costs for local operators and improving cash flow for businesses serving international guests.

FAQ

How much transaction volume has TurnStay processed this year?
TurnStay has processed more than ZAR1 billion (US$61.5 million) in transactions so far in the current year, according to the company’s latest milestone announcement.

When did TurnStay reach the ZAR1 billion milestone?
The fintech startup reached the ZAR1 billion transaction volume milestone in just six months after the start of the year.

Who founded TurnStay and what are their previous ventures?
TurnStay was founded by Alon Stern, who previously co‑founded Slide Financial, and James Hedley, who previously co‑founded Quicket, bringing extensive fintech experience to the venture.

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