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Southern Africa

SARB Report on Stakeholder Feedback on Reform of Interest Rate Benchmarks in South Africa

Following the release of the 'Consultation paper on selected interest rate benchmarks in South Africa' (Consultation Paper), the South African Reserve Bank (SARB) embarked on a public consultation process Read More →

UnionPay International Partners with Steward Bank to Accelerate Financial Inclusion in Zimbabwe

UnionPay International announced today that the partnership with Steward Bank Limited (Steward Bank), which is the one of the largest banks in Zimbabwe, to issue 150,000 UnionPay international prepaid cards Read More →

SARB Releases Invitation to Comment on the National Payment System Act Review Policy Paper

National Treasury and the South African Reserve Bank (SARB) today published a policy paper titled ‘Review of the National Payment System Act 78 of 1998’ for public comment. A national Read More →

Mastercard Reinforces Commitment to Drive Digital Transformation Agenda in Zimbabwe

Mastercard President and CEO, Ajay Banga, this week visited Zimbabwe to show Mastercard’s strong support for the country’s drive to create a new wave of digital payments and inclusive growth. Read More →

Absa Enables Account Opening Via Mobile App

Absa has introduced a quick, simple and convenient end-to-end account opening for new customers, through the Absa Banking App which can be downloaded from the Android and Apple stores. This Read More →

Karri App for School Payments Expands Offering to Any Organisation

The Karri app, launched in April last year, has grown to just under 300 South African schools driven by parent and teacher demand for a solution to school payments. Due Read More →

Mastercard and EasyPay Partner on Bill Payments

South Africans can now buy prepaid utility services or pay their accounts from approximately 600 bill issuers with the new EasyPay Mobile app using Masterpass, the global digital payment service Read More →

Mastercard and Nedbank Create Digital Payment Ecosystem for Businesses

Nedbank has partnered with Mastercard to launch Qkr! with Masterpass, a mobile order-ahead and payment platform developed by Mastercard Labs, and Nedbank POSplus™ as part of their efforts to open Read More →

FNB Receives 50 million US-dollars to Accelerate SME Development

First National Bank (FNB) has received 50 million US-dollars from the DEG - Deutsche Investitions- und Entwicklungsgesellschaft to deploy towards small and medium enterprise (SME) development in South Africa. DEG is Read More →

Garmin Pay Contactless Payments are Now Available in SA

Garmin Southern Africa have announced that the Garmin Pay contactless payment feature is now live on a range of Pay-Enabled Garmin watches in South Africa. The feature is currently available to VISA-enabled Read More →

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