Southern Africa

SASSA Saves Fiscus Around R1 Billion after Appointing Post Office for Grant Distribution

SASSA managed to save the Fiscus a whopping 1 billion Rands approximately, since the end of the payment contract with Cash Paymaster Services (CPS) in September 2018, SASSA has had Read More →

PayGate and Retail Capital Join Forces to Launch New Short-Term Finance Offering

New short-term finance launched to help merchants cash in on Festive sales. Local Payment Service Provider, PayGate has partnered with Retail Capital to provide businesses with short-term working capital. The co-created Read More →

Capitec’s Acquisition of Mercantile Bank Holdings Limited and Its Subsidiaries

We are pleased to announce that the Minister of Finance and other Regulatory Authorities have formally approved Capitec’s purchase and acquisition of Mercantile Business Bank. This is an exciting timing for Read More →

MoData Launches Automated Reconciliation Platform as a Cloud Solution

MoData, one of Africa’s leading digital enablement and cost-optimisation companies, will be officially launching ‘auto-Reconciliations in the Cloud’ at the forthcoming Finance Indaba Africa in Sandton on the 16th and Read More →

Standard Bank Partners with iiDENTIFii to Enable Secure, Frictionless Digital Banking

Standard Bank, Africa’s largest bank operating in over 18 African countries as well as in Asia, Europe, North America and South America, have partnered with iiDENTIFii, a Cape Town-based technology Read More →

Strong Capitec Growth Driven by Digital Adoption and Higher Income Credit Clients

SA’s leading retail bank has again produced a solid set of interim results. Their affordable banking solution that is simple to understand, transparent and helps clients improve their financial lives Read More →

How Fourth Industrial Revolution Technology is Delivering a World of Opportunities to Merchants

There’s no doubt that technology has already re-shaped the way the world thinks about buying and selling. Who would have thought twenty years ago that people would be shopping on Read More →

Fintech Nomanini Raises $4m in Funding Round Led by Standard Bank

Through the strategic investment, Standard Bank has launched a mobile application, powered by Nomanini, which offers underserved informal retailers financial services for the first time CAPE TOWN, 27th August 2019—Nomanini, the Read More →

Cape Consumers and Iemas have launched Co-Switch to Local Consumers and Retailers

A new payment services platform, utilised by two of South Africa’s oldest member organisations, promises to open up the buy-aid market to consumers and retailers alike. Co-Switch, a newly launched Read More →

FNB Releases Positive Results across the Business

FNB Financial Highlights:
  • Pre-tax profits up 11%
  • Strong contribution from Retail, Commercial and Rest of Africa
  • Domestic customer numbers at 8.2 million
  • Digital platform providing new growth opportunities
  • Upsell and Read More →

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