ZAR Universal (ZARU) has officially launched today as a new institutional-grade stablecoin pegged to the value of the South African Rand (ZAR). Designed to modernise South Africa’s payment and financial infrastructure, ZARU aims to give both retail and institutional users the ability to transact at the speed of the internet, while strengthening and supporting the
In an earlier article, “Kenya’s Payments Evolution: What Banks and Fintechs Can Learn from M‑Pesa and Mobile Operators,” we explored how Kenya, often referred to as the “Silicon Savannah,” was emerging as a global leader in mobile-money innovation and digital financial inclusion. One of the key takeaways was that banks had an awful lot of
Alhamrani Universal, Saudi Arabia’s leading fintech solutions provider, is strengthening regional payments security across the Middle East through the deployment of the INETCO BullzAI cyber-fraud prevention platform, as digital payments accelerate and financial crime grows increasingly sophisticated. Introduced through INETCO’s global partner, Stanchion Payments, this collaboration reflects a shared commitment to building a trusted, resilient
Flutterwave, Africa’s leading payments technology company, is launching stablecoin balances for its merchants and users across all its offerings. The move marks a significant step in Flutterwave’s broader vision to make stablecoins a foundational pillar of Africa’s financial ecosystem, supporting faster, more affordable, and globally connected payments. The launch is being enabled through Flutterwave’s collaboration
Paystack, the payments company building technology for ambitious businesses across Africa, has announced the launch of The Stack Group (TSG), a new parent holding company that will bring together Paystack and a growing family of tech-focused brands under a single corporate umbrella. TSG has been established to aggregate and support a set of complementary businesses
Altron FinTech has announced the expansion of its Kasi Sales Squad initiative beyond Soweto into Ekurhuleni and the Johannesburg CBD, scaling a proven on-the-ground model that brings enterprise-grade payment infrastructure directly to township entrepreneurs. The expansion marks a deliberate and strategic commitment to financial inclusion, youth employment, and the continued digitisation of South Africa’s informal
Flutterwave, Africa’s leading payments technology company, has acquired Mono, a pioneer in open banking infrastructure across the continent. The transaction deepens Flutterwave’s long-term commitment to building a connected, interoperable financial system for Africa and positions open banking as a core pillar in the evolution of alternative payment methods across the region. Mono’s API-driven platform enables
EBC Financial Group notes that South Africa’s digital payments market is entering a decisive growth phase, with card-based transactions projected to exceed ZAR2.9 trillion ($159 billion) in 2025. Card usage continues to rise at a robust 10.4% annual pace, with South African consumers averaging more than 118 card transactions per year, placing the country among
RedotPay, a global stablecoin-based payment fintech, today announced a strategic partnership with Ripple, the financial technology company known for delivering crypto-enabled business solutions. Through this collaboration, the company will extend its stablecoin payment capabilities and introduce new, faster cross-border payout options powered by Ripple’s enterprise-grade payments infrastructure. As part of this expansion, they are launching
Thunes, known as the Smart Superhighway for moving money around the world, has been awarded ‘Cross-Border Payment Infrastructure of the Year’ at the 13th Annual Payments Awards. Hosted by FStech and Retail Systems, the Payments Awards recognise companies that demonstrate excellence, innovation, and meaningful impact across the global payments landscape. Winning this category underscores the
