Southern Africa

Cheques will No Longer be Used in the National Payment System

The South African Reserve Bank (SARB), Financial Sector Conduct Authority (FSCA), Payments Association of South Africa (PASA) and the Banking Association South Africa (BASA) are jointly communicating to the public Read More →

New MTN-Ozow Partnership Makes Mobile Money Easier for South Africans

Digital payments company Ozow has announced a partnership with MTN Mobile Money (MoMo), which will make it easier for consumers to load funds onto their mobile wallet without the need Read More →

Hello Paisa Empowers Financial Inclusion Through Reduced Remittance Rates and Free Banking Solution

According to the World Bank, international remittances have declined by an estimated 20% worldwide. Compounded by job losses across sectors, reduced salaries and dwindling access to cash, South African residents Read More →

Stripe will Acquire Paystack to Accelerate Online Commerce Across Africa

Making online and offline payments easier for African businesses and enabling more global companies to enter the fast-growing region The African internet economy is expanding quickly, with online commerce in the Read More →

TymeBank, a Leading Digital Bank in South Africa Signs with Network International to Empower SME Businesses to Accept Electronic Payments

TymeBank offers a modern alternative to traditional banking brands and aims to make banking more accessible and affordable to all South Africans TymeBank (, a leading digital bank in South Africa, Read More →

phos and Stanchion Collaborate to Connect Merchants in Africa to the Contactless Digital Payment Ecosystem via their Existing Android Mobile Devices

Partnership is a game-changer in enabling contactless acceptance for smaller merchants across the continent

phos, the fintech behind the first-ever software-only Point of Sale (SoftPOS), and Stanchion Payment Solutions, Read More →

OMFIF Absa Index Shows Improved Resilience in African Financial Markets

Newly released data out of the 2020 edition of the Absa Africa Financial Markets Index shows that despite disruption from the COVID-19 pandemic, financial markets in Africa are proving robust Read More →

Zapper: Driving Innovation in Parking Payments

Zapper has completed its integration with three of the largest parking management systems. The move allows users to quickly scan and pay for their parking at a growing network of Read More →

Mastercard Partners with Samsung, Airtel and Asante to Drive Digital Inclusion in Africa through Pay-on-Demand Services

  • Pay-on-Demand platform enables safe, secure and convenient consumer financing via Samsung devices with embedded Knox security platform, through Airtel Africa’s network
  • The partnership facilitates usage-based payments and builds creditworthiness
  • Read More →

Absa, Societe Generale to Roll out Client offering in Africa; Agree Acquisition in SA

  • Commercial agreement signed to launch a unique pan-African offering
  • Separate agreement reached on the sale to Absa of the custody, trustee and derivatives clearing services operated by Societe Generale Read More →

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