ShapeShifter

Meet Businessman of the Year Steven Kark, payment solutions supplier for Africa

Steven Kark founded payment solutions company Paycorp in 1999.

Kark’s ambition for Paycorp is to expand beyond South Africa, Namibia and Zambia into key emerging markets.

Paycorp CEO Steven Kark is the 2014 Businessman of the Year.

To succeed; have fun and do good. It’s not only about the money; do something you really believe in and care about.

Steven Kark, Paycorp CEO

In 2013, under Steven Kark’s leadership, a private equity firm bought Paycorp for nearly R1-billion.

A Forbes article I read sparked the idea for Paycorp. It was a Eureka moment!

Steven Kark, Paycorp CEO

Originally we put ATMs where banks wouldn't go. Now we’re putting up 50 ATMs a month in South Africa.

Steven Kark, Paycorp CEO

We have aspirations well beyond Africa. We want to be in more markets with more products. We’ve got a fledgling business in Eastern Europe. They have few ATMs but many card holders there. We’re also a large card issuer in South East Asia.

Steven Kark, Paycorp CEO

Xenophobia is scary. We’re welcomed everywhere we go in Africa, so this is inexcusable and unsustainable. I hope this doesn’t spill over into our business.

Steven Kark, Paycorp CEO

ATM vandalism is still very prevalent. And loadshedding is not helping! We’re pioneering solar powered ATMs.

Steven Kark, Paycorp CEO

Listen to the audio for more detail (or scroll down further for video).


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