Kazang, the prepaid value-added services (VAS) and card acquiring business within JSE-listed fintech Lesaka Technologies, has launched its Kazang Pay card acceptance solution for merchants in Zambia. Kazang Pay makes it affordable for merchants to accept card payments on the same Kazang terminal they use to sell prepaid products and services. The Kazang Pay enabled
Cash continues to power everyday transactions for millions across the nation. According to The South African Reserve Bank (SARB) Payments Study Report released in August 2024, South Africans use cash most often as a payment method (87%), regardless of what they buy. Only 15% use cardless payments and 8% opt for credit card, while debit
Expansion includes Burkina Faso, Cameroon, Kenya, Ivory Coast, Ghana, Senegal, South Africa, Nigeria; Leveraging success in Latin America to provide underbanked populations in Africa with efficient payment functions. PayRetailers, the leading payment processor for Latin America, has today announced further expansion into Africa. With coverage now across 12 countries, the company offers a unified simple
Xago Technologies, a leading innovator in the cryptocurrency and digital assets industry, is proud to announce that it has received its Crypto Asset Service Provider (CASP) licence from the Financial Sector Conduct Authority (FSCA) in South Africa as a CAT I Intermediary. This milestone marks a significant step forward in the company’s mission to provide
Discovery Bank, today, announced that is has reached the milestone of acquiring its first one million clients. This follows the Bank’s announcement earlier this year that it had over two million active accounts. Hylton Kallner, CEO of Discovery Bank, says, “This milestone of our first million clients is a special one. While it’s only the
MoData, a leading provider of payment solutions, has been appointed as Lusis Payments’ Africa partner to bring the TANGO payment platform to Africa. Twenty-five leading international banks and BankservAfrica have recently migrated off their legacy transaction switches onto the advanced and trusted TANGO payment platform. TANGO is built on a highly performing micro-services architecture providing
The South African Reserve Bank (SARB), which operates, regulates and oversees the national payment system (NPS), has today published its inaugural Payments Study Report (study). The study, the first of its kind in South Africa, uses individuals’ payment data and provides extensive insight into how the public perceives and uses various payment methods and instruments
Ecommerce in South Africa: Retail has experienced profound transformation over the past few years, with digital platforms and ecommerce reshaping consumer expectations. However, we are just in the earliest phases of digital transformation, and SME retailers will need to be agile to keep up with emerging customer demands and new competitors. Steven Heilbron, CEO of
“What if a simple financial service could unlock Africa’s economic potential and reshape the way millions of people manage their money?” In the rapidly evolving landscape of financial technology, “Buy Now, Pay Later” (BNPL) services have emerged as a significant trend, revolutionizing how consumers make purchases. These services offer a flexible alternative to traditional credit,
Leading financial services provider, Efficient Group, is reaping the rewards of an infrastructure modernisation programme, made possible through a partnership with Braintree. Core to this move has been the consolidation of data from a multitude of financial services providers into one Efficient group database – the single view of and for the client. An initial
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