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Southern Africa

DPO Group to be Acquired by Network International in Landmark Deal for the African Payments Space

DPO Group, one of the leading, high-growth online commerce platforms in Africa, will support the expansion of Network International’s presence across Africa, one of the most under penetrated and fast Read More →

PayFast: Ecommerce Feels Logistics Pinch of COVID-19 Boom

The COVID-19 pandemic has spurred unprecedented growth in ecommerce, accelerating local adoption rates by as many as three to five years. However, as online shopping continues to boom, many online Read More →

Vodacom Financial Services to Create a New Easy-To-Use Super App with Alipay As Technology Provider

Imagine waking up to your favourite song, paying for your morning coffee, listening to a podcast on business management, sending money to your family, paying your utility bills, shopping online Read More →

Ecobank Group named Africa’s Best Bank for Corporate Responsibility by Euromoney

Euromoney recognises Ecobank’s focus on sustainability and partnerships and its core capabilities in delivering positive social and environmental outcomes across Africa The leading pan-African banking group, Ecobank, (www.Ecobank.com) has won the coveted Read More →

FASTA and Mastercard Join Forces to Launch FASTACard – South Africa’s First Virtual Credit Card

Consumers can quickly and easily access FASTA’s credit facility at the point of purchase via a virtual Mastercard credit card, enabling them to pay for goods and services Read More →

Standard Bank Signs Covid-19 Response Loan with IFC

The Standard Bank of South Africa Limited (“SBSA”) has signed a USD185m, 3-year loan agreement with International Financial Corporation (“IFC”), a development finance institution that is part of the World Read More →

DPO Group: Record Ecommerce Performance Offers Some Hope for Local Economy

Ecommerce is providing a ray of hope for the local economy with transactions hitting a record high in May and June. And, while there will be some leveling off, SA’s Read More →

First National Bank becomes the first bank in South Africa to accept UnionPay Contactless Payment at its SpeedPoint Terminals

First National Bank (FNB) and UnionPay International (UPI) jointly announced today that UnionPay cardholders will be able to make contactless payments with their cards via FNB Speedpoint® terminals at merchants Read More →

May Brings Some Relief for the BankservAfrica Economic Transaction Index

The BankservAfrica Economic Transaction Index (BETI) tracked a monthly improvement in May 2020, suggesting the worst of the economic impact from the COVID-19 lockdown levels is over. However, the overall Read More →

Crossfin Ventures Eyes Open Banking Opportunity with truID Investment

Africa fintech holding company Crossfin has made an investment into truID through its ventures investment arm, Crossfin Ventures, for an undisclosed amount. Anton Gaylard, COO at Crossfin, says truID is driven Read More →

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