South African payments company Ozow has attracted Tencent, a Chinese internet and technology company, in its $48 million series B funding round.

The investment round also includes Endeavor Catalyst and Endeavor Harvest Fund.

From QR codes, point of sale, e-commerce, e-billing, peer-to-peer payments, and everything in between, the company has been focused on creating more accessible ways for South Africa’s 47 million bank account holders to transact more conveniently. The compa...