From Soweto to the Vanguard of Fintech: Percy Maphologela’s Revolutionary Journey of Innovation and Impact

Posted on by kara | 4896 Views | 20 min read

Born and raised in the vibrant and resilient community of Soweto, Percy Maphologela’s journey from a disadvantaged background to becoming the 24-year-old founder and CEO of a revolutionary fintech firm, is nothing short of inspirational. Maphologela’s groundbreaking fintech business, stands at the forefront of innovation and harnesses the power of artificial intelligence (AI), asset tokenisation,

Scan to Pay Takes Centre Stage in Spenda’s Fintech Suite

Posted on by kara | 22878 Views | 19 min read

Despite the global move towards digital transacting, 1.4 billion people worldwide remain unbanked. It’s these individuals that payment service providers like Spenda are empowering through the use of innovative payment solutions that address the financial inclusion gap. In its latest move to do so, Spenda has integrated Scan to Pay to launch Spenda Scan to

PAPE Funds Expands Strategic Investment in Entersekt

Posted on by kara | 14259 Views | 12 min read

Entersekt, The Financial Authentication Company, has announced that PAPE funds (PAPE) has expanded its investment in the company. Following an initial investment in July 2022, PAPE Fund 3 recently acquired Nedbank Private Equity’s equity stake in Entersekt, increasing its total investment and ownership stake. Nedbank Private Equity is a division of Nedbank Corporate and Investment

Stanbic Bank Kenya and Mobikey Kenya Ink Deal to Revolutionize Vehicle Financing

Posted on by kara | 28379 Views | 9 min read

Stanbic Bank and Mobikey Kenya, a leading player in the zero-mileage vehicle distribution industry and a member of Grupo Jap have signed a Memorandum of Understanding (MOU) set to transform vehicle financing in Kenya. This landmark agreement marks Mobikey’s first local partnership and is set to make vehicle financing more accessible and affordable, particularly for

Top Eight Steps to Strengthening Sa’s Path to Overcome Greylisting – RelyComply

Posted on by kara | 6299 Views | 15 min read

South Africa’s greylisting by the Financial Action Task Force (FATF) in early 2023 has created significant economic challenges. The development tarnishes the country’s reputation, causes delays and higher costs in international transactions, and potentially deters inbound foreign investment. But the good news is that the damage to the country’s international standing and economy needn’t be

The Future of South Africa’s Banking Sector: Why Modernisation is Crucial – Electrum

Posted on by kara | 28064 Views | 23 min read

By Dave Glass, CEO and Co-Founder of Electrum Banks in South Africa face a difficult decision over their reliance on an outdated language system. Back in the 80s, I was very lucky to be exposed to early home computers – my astrophysicist dad was an early adopter. I can recall excitedly writing my first programmes

A Fintech First – iKhokha Opens Retail Stores to Enhance Engagement With Merchants

Posted on by kara | 6018 Views | 14 min read

Fintech company, iKhokha, one of the market leaders in the South African SME payments space, are this week opening their eighth retail store, where their point-of-sale devices are sold and where merchants can access support, networking opportunities and other business enhancement tools. Since launching in 2012, iKhokha has developed a deep understanding about the complexities

Unleashing Economic Potential: The Soaring Growth of Cross-Border Payments in Africa – Synthesis

Posted on by kara | 41537 Views | 22 min read

By Arthi Narayanan, Lead Payments Consultant at Synthesis The pivotal role of digital accessibility for goods and services has become abundantly clear over the past few years. The global economy, now more than ever, relies on the seamless flow of transactions across borders. Whether it involves individuals, businesses, or financial institutions spanning different countries, the

Rand Merchant Bank Wins Global Trade Review Best Trade Finance Bank in Southern Africa and Best Trade Finance Deal in Africa With Sovereign Trade Finance Deal

Posted on by kara | 13799 Views | 12 min read

In the recent Global Trade Review (GTR) awards announcement, RMB has been awarded as the Best Trade Finance Bank in Southern Africa and for the Best Trade Finance Deal in Africa for the Sovereign Trade Finance transaction – a collaboration with the Multilateral Investment Guarantee Agency (MIGA) and the Ministry of Economy and Finance for

PayU GPO Lauded as Best Payment Solution at Absa Awards, Broadening Financial Inclusion and Innovation

Posted on by kara | 44833 Views | 9 min read

PayU GPO, a leading South African financial services and payment service provider, is proud to announce its Absa Award win in the category: Best Payment Solution. The prestigious award showcases PayU GPO’s market leading and comprehensive suite of payment solutions tailored for the South African market and beyond. The category celebrates the Fintech company that