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Southern Africa

Direct Pay Online Group Acquires Setcom, SA Online EFT Solution Provider

The Direct Pay Online Group (DPO) announces the acquisition of Setcom (Pty) Ltd, which operates SID Instant EFT, the original and leading instant electronic funds transfer (EFT) solution in South Read More →

PayU sees 8.5x Increase in Black Friday Traffic Volume from Last Year

In a Black Friday that saw the spike in volumes challenge many eCommerce companies, payment services provider, PayU, facilitated an increase of around 8.5 times the transaction volumes from last Read More →

Black Friday and Cyber Monday set to boost SA’s e-Commerce

As South African consumers and retailers prepare for the shopping spree associated with the international trend of Black Friday and Cyber Monday, the real achievement for the country will be Read More →

Mastercard Partners with Spazapp to Bring Mobile Payments to Informal Traders

Mastercard is collaborating with Durban-based tech company Spazapp, to bring secure, seamless and convenient mobile payments to thousands of informal traders and convenience stores, better known as spaza shops, in Read More →

Huge Growth in the Scale of Operations is on the Cards for Entersekt

A combination of innovation, talent and investor savvy has propelled a Stellenbosch tech firm to the forefront of the international mobile security and authentication industry. Entersekt protects digital service providers and Read More →

Direct Pay Online Group Receives Second Investment of $5M from Apis

Direct Pay Online Group (DPO) has received a second investment of $5M from the UK based private equity fund, Apis Partners. This investment, which follows the initial $10M investment made Read More →

New SA Fintech Enables Free Peer-to-Peer Email and Mobile Payments

South Africa has just got its own version of Venmo, one of the US’s most successful payment platforms owned by PayPal that processes $25 billion in person to person payments Read More →

Banking Customers Embracing In-Branch Digital Banking Channels

Banking customers who traditionally bank via branches are embracing in-branch digital banking channels, says First National Bank (FNB). The bank says its customers are increasingly using its spread of in-branch Digital Read More →

Mastercard Collaborates with Yoco to Roll Out 15,000 mPoS Devices in South Africa

Mastercard has announced a collaboration with South African fintech company Yoco to roll out 15,000 mobile Point of Sale (mPOS) devices to small and medium-sized businesses by the end of the Read More →

Mama Money Introduces Photo Based FICA Registration

The South African-based fintech startup that offers the cheapest cross border money transfer rates into key African countries and now into India, has introduced the easiest online registration process using Read More →

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