South Africa

Absa Earnings Decline; 7% Pre-provision Profit Growth Indicates Positive Underlying Performance

Absa Group Ltd., one of Africa’s largest financial services provider, has reported a 51% decline in normalised headline earnings to R8 billion after impairments nearly trebled to R20.6 billion amid Read More →

Nedbank’s ‘Tap-on-phone’ – a first in Africa – Empowers SMMEs with Safe and Secure Contactless Payments

At the height of the global Covid-19 pandemic, Nedbank became the first bank to offer small, medium and micro enterprises (SMMEs) the ability to turn their cellphones into a payment Read More →

SA Fintech firm Adumo gets R225m Investment to Expand Digital Payment Solutions in Africa

South African fintech group Adumo have announced R225 million ($15 million) in new funding from IFC, a member of the World Bank Group, and the IFC Financial Institutions Growth Fund Read More →

South Africans Can Now Buy Now and Pay Later (Zero Interest) at Africa’s Largest Digital Mall

South Africans can now shop online and pay later, interest-free over six weeks. Payflex has brought the buy now pay later shopping phenomenon to South Africa following its extraordinary popularity in Read More →

Women Entrepreneurs are Making Progress in South Africa, but Challenges Persist – Mastercard Index

While women entrepreneurs are making strides to overcome gender-related biases and advance their businesses in South Africa, they still face several structural and social obstacles, many of which have been Read More →

South African Fintech Enabler, Ukheshe Technologies, Confirm Global Expansion

Leading South African digital fintech enablement provider, Ukheshe Technologies has confirmed it is expanding its operations internationally. Having established itself as a formidable payment technology specialist within the B2B sector, Read More →

TallOrder POS Integration with Netcash Offers Truly Contactless Payment Experience

Netcash and have announced a partnership to make it faster, simpler and more convenient for small and medium businesses in the hospitality and retail sector to accept and reconcile Read More →

All Shoprite, Checkers & Usave Stores Now Accept Cash Deposits for Major SA Banks

Customers can now deposit cash directly onto their bank card at the till point in any Shoprite, Checkers or Usave store. Together with other established in-store services Read More →

Mastercard Partners with Hellopay to Bring Contactless Payments to South Africa’s Informal Economy

Hellopay to roll out Mastercard Tap on Phone technology, enabling small businesses to accept contactless payments using their NFC-enabled Android phone

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GEPF Reappoints Standard Bank to Provide Master Custody and Additional Services for its R2 Trillion Portfolio

South Africa’s Government Employees Pension Fund (GEPF), the largest pension fund in Africa, has reappointed Standard Bank to provide a comprehensive range of investor services product and service solutions for Read More →

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