Konnect, the innovative Tunisian fintech, has announced that it has been approved by the Central Bank of Tunisia (BCT) as a payment facilitator (PayFac).
PayFacs (payment facilitators), according to their specific status, act as intermediaries in payment services. They enable merchants to accept payments from customers and connect to a card network via an acquirer, whether a traditional bank or another type of player.
As a recognized payment facilitator, Konnect is now able to facilitate financial transactions in full compliance with current regulations, providing a robust and secure online payment solution. This strengthens the confidence of users and business partners alike.
The announcement was made by the startup on its LinkedIn account, highlighting that this official recognition underlines its commitment to the security and facilitation of financial transactions for its customers and partners.
Konnect is an online payment solution dedicated to empowering individuals and businesses through an innovative payment solution, with a vision to remove financial barriers and promote universal prosperity.
