Postbank and SASSA appeal to social grant beneficiaries to replace their SASSA Gold Cards with the new Postbank Black Cards by 28 February 2025. Beneficiaries who fail to get Postbank Black Cards before the deadline are advised that they will not be able to access their SASSA grant payments with the SASSA Gold Cards. After
Lesaka Technologies highlights that merchants in South Africa’s cash-driven township and rural economy remain underserved by mainstream financial services. This gap creates a significant opportunity for fintech companies to develop solutions addressing these merchants’ specific pain points, enabling them to serve their customers more efficiently and effectively. Lincoln Mali, CEO of Lesaka Technologies, emphasised this
Flutterwave, Africa’s leading fintech company, has unveiled its 2024 end-of-year report detailing significant achievements in global expansion, technological innovation, and customer success. The report underscores the company’s growing influence in the global fintech landscape, cementing its position as a key player in the payments technology sector. Founded in 2016, Flutterwave has become a powerhouse in African enterprise
AFS (Arab Financial Services), the Middle East and Africa region’s leading digital payment solutions provider and fintech enabler, signed a strategic partnership with Nsano, a leading pan-African payment processor and mobile money aggregator headquartered in Accra. This collaboration aims to expand digital payment options across Sub-Saharan Africa by leveraging the combined expertise of both companies.
As digital payments evolve, financial institutions face a major challenge: balancing innovation with maintaining existing IT assets. However, as Dr. John Wamai, Director at Equity Bank, warns in his recent LinkedIn post: “The pressure and urge to ‘sweat’ and maximize IT assets often lead to outdated and inefficient systems, temporary fixes, and poor integration—ultimately misaligning
MoneyHash, the first and leading payment orchestration platform operating in the Middle East and Africa (MEA), has secured $5.2M in pre-A funding. The round was led by Flourish Ventures, a global fintech investor known for backing industry leaders such as Chime and FlutterWave. New investors include Saudi’s Vision Ventures, Arab Bank Venture Capital, and Emurgo
Mastercard has opened its first office in Accra, Ghana, to support the country’s growing digital economy. This expansion strengthens its footprint across Africa, with existing offices in Cairo, Casablanca, Johannesburg, Lagos, Nairobi, and Mauritius. This move is part of Mastercard’s strategy to reinforce relationships with local stakeholders and foster inclusive growth in West Africa. “Opening
Stitch, a payments infrastructure company, recently acquired in-person payments provider ExiPay, expanding its enterprise payments offering to encompass both online and in-person payments through a single, unified platform. Despite the continued growth of e-commerce, in South Africa in 2024, just 6% of retail transactions took place online, projected to reach 10% in 2025. An increasing
Malek Ferdi, Senior Director Africa Diebold Nixdorf Banks in Africa While the African banking sector has regularly demonstrated its resilience, it still needs to address the issues of inclusivity and sustainability in its various territories to cement its transformation in favour of citizens, entrepreneurs and communities. In search of new challenges, African banks must be
South Africa is set to host the Finance in Common Summit (FiCS) in February 2025, marking a transformative milestone in the continent’s development finance narrative. This historic occasion coincides with South Africa’s assumption of the Presidency of the Group of 20 (G20), amid a period of significant political change and growing economic confidence. FiCS 2025,
