• Electrum provides cloud-based payment software used by four major South African banks.
• The platform integrates multiple payment providers through a single interface with smart routing.
• Founder Dave Glass brings experience from Standard Bank, ACI Worldwide, and fintech firms.

Dave Glass co-founded Electrum in 2012 and currently serves as chairman of the board. The company develops cloud-based payment software that simplifies connectivity between payment services for banks and retailers.

Electrum enables institutions to integrate payment providers either directly or through aggregators using a single interface.

The platform incorporates advanced features, including intelligent routing, which selects providers based on availability and existing commercial agreements.

This architecture allows businesses to optimize transaction flows while improving efficiency and reliability in payment processing.

Electrum leverages a modern infrastructure tailored to the South African market. The platform enables companies to capture new opportunities in the payments sector by offering speed, flexibility, and solutions aligned with local use cases.

Four major South African banks currently use the platform, reflecting its growing adoption in the financial ecosystem.

Dave Glass graduated from the University of Cape Town with a bachelor’s degree in information systems in 2002. He later earned a master’s degree in management of information systems from Trinity College Dublin in 2008.

He began his career in 2003 at IQbusiness South Africa, where he worked as a consultant in management and digital transformation.

He joined Standard Bank in 2004 as a technologist, before moving in 2009 to Touch Networks as a fintech project manager.

He became head of professional services at S1 Corporation in 2010 and held the same position at ACI Worldwide in 2012, a global provider of payment systems.

This article was initially published in French by Melchior Koba

Adapted in English by Ange J.A de Berry Quenum