MSMEs are the backbone of South Africa’s economy, contributing over 60% of employment and a significant share of GDP, yet many still face barriers to market access, funding, and digital integration. As Africa’s digital economy continues its rapid expansion, the next phase of growth will be driven not only by large enterprises, but by the
Nedbank and Mastercard announced a landmark 10-year commercial agreement that expands their long-standing collaboration across Southern African. The agreement spans South Africa, Zimbabwe, Namibia, Eswatini, Lesotho and Mozambique, and will bring enhanced digital payment experiences to customers and businesses across the region. Under the agreement, Nedbank will leverage Mastercard’s global technology expertise and payments innovation
Cross Switch is pleased to announce the appointment of Nondumiso Siboto as Head of Operations, South Africa, reinforcing the company’s commitment to operational excellence and scalable growth across its regional footprint. Nondumiso brings wide-ranging experience in operations leadership, customer success, and large-scale service delivery across fintech and SaaS environments. Her appointment comes at a time
Nashua, a leading provider of Total Workspace Solutions, has partnered with iKhokha, one of South Africa’s foremost fintech innovators, to add payment acceptance solutions, cash flow enablement solutions and digital financial tools to its comprehensive set of business solutions for small and medium enterprises (SMEs). This positions Nashua as an end-to-end partner to SMEs, enabling
Andoh Obed Mensah, the newly appointed Country Manager of the African Development Bank Group for Sierra Leone, presented his Letters of Credence to the Deputy Minister of Foreign Affairs and International Cooperation, Francess Piagie Alghali, at a ceremony held on 22 March in Freetown. Welcoming the new Country Manager, Deputy Minister Alghali underscored the strong,
Mambu, the leading SaaS cloud banking platform, celebrates its 15th anniversary, celebrating a decade and a half of helping financial institutions launch and scale modern banking services around the world. Founded in 2010 by three university students, Mambu began with a simple idea. After a field trip to Mozambique exposed the limits of traditional banking
Cross Switch has gone live with Absa Pay, enabling merchants on its platform to offer customers a secure, bank‑authenticated payment option for online checkout. When customers select Absa Pay at checkout, they are routed to a secure Absa environment to authenticate the payment directly with their bank before being returned to the merchant’s platform to
PAPSS – the Pan-African Payment and Settlement System is a centralised Financial Market Infrastructure that enables the efficient flow of money securely across African borders, minimising risk and contributing to financial integration across the regions. The organisation collaborates with African central banks to offer payment and settlement solutions that commercial banks and licensed payment service
Absa Group and Thunes have announced the launch of Absa Global Pay, a digital remittance solution enabling Absa customers to send money internationally via the Absa Banking App or Absa Online platform. According to the official press release, the service launched on 3 March 2026, with an initial release covering six countries, including the UK,
Mambu, the leading SaaS cloud banking platform, today announced a strategic collaboration with Nyla, Africa’s first Islamic neobank, to power its shari’ah-compliant digital banking infrastructure as it launches in Ghana and prepares for expansion across West Africa. The partnership marks a significant milestone for Mambu’s Islamic banking offering in Africa, bringing scalable, cloud-native infrastructure to
