South Africa’s Paysho is an escrow service that provides financial protection for buyers and sellers, yet its origins actually lie in a totally different business that founder Bongani Matshisi tried to get off the ground in 2016. “That was when I made the decision to build my own escrow service. I guess people are generally warming up to the idea of using escrow services,” Matshisi said. “There was, and still is, a lot of consumer education about escrow services that needs to happen in South Africa. Very much like the heelstoppers, the majority of the people who need to know about escrow services don’t.

Source: The North Africa Journal January 19, 2024 17:59 UTC