Pay employees, contractors and grant recipients with the controls your board signed off on.
For SOEs operating under PFMA Schedule 2 and 3. Veymo embeds your delegated authority framework into the cycle itself - every payment passes the board-approved controls, every report tracks back to a single auditable record.
Four moves the platform makes for state-owned operations.
Delegation-aware
Authorisation thresholds drawn from your board-approved DOA. The platform refuses out-of-mandate instructions.
Single auditable record
One transaction record per cycle - readable by your internal audit, external audit and AG in the same format.
Mass disbursements
Bursaries, grants and severance handled at scale without spinning up a separate workflow.
B-BBEE supplier flags
Supplier B-BBEE status tracked per payment for procurement reporting.
Monthly contractor settlement
Built to be answerable.
Five posture commitments - each one defensible to a regulator, an auditor and an institutional buyer in the same conversation.
Regulation
SARB-recognised PSP. Operating under the National Payments System framework, audited against the SARB's outbound directive standard.
Funds safety
Pre-funded. Ring-fenced. Veymo holds no client funds on its own balance sheet - cycles run from segregated, named accounts.
KYC & AML
FICA Accountable Institution under the FIC Act. OFAC, UN, EU, HMT, DFAT and PEP screening on every beneficiary, every cycle.
Data
POPIA Operator. Data hosted in South African data centres. Cycle data retained for the statutory minimum; PII purged on schedule.
Audit
Annual ISAE 3402 Type II. Cycle-level export packs to AG-format. Direct read-only access for your internal audit on request.
From conversation to first cleared cycle, in 30 days.
A 90-minute working session with your CFO, Treasury and Compliance leads. We map your current cycle, find the friction, and produce a written brief.
A binding proposal in writing - scope, settlement model, pricing, compliance plan, integration path, contracts.
Your first cycle runs through Veymo. Reconciled to the cent. Signed audit pack delivered the same day.