This article was originally published on the Cross Switch website here. Cross Switch, a global payment orchestration platform built for the unique needs of emerging markets, has unveiled a refreshed brand and newly redesigned website that reflect its continued growth and expanding presence across Africa and other high-growth regions. This announcement builds on recent momentum,
Omnea CEO Deon Tromp shares why real financial transformation starts with architecture, not apps – and why it’s time to move beyond legacy systems and siloed solutions. South Africa’s financial services sector is under pressure to modernise – yet few businesses are solving the right problems. While digital banking apps and fintech interfaces have advanced
Superbrands South Africa today announced its official relaunch and the upcoming release of its highly anticipated fifth publication. The world’s largest independent arbiter of branding is back in South Africa! This milestone signifies its renewed dedication to identifying, recognising, and celebrating the nation’s most outstanding brands. Superbrands is globally renowned for its rigorous and independent
Payments infrastructure company Stitch has announced the acquisition of Efficacy Payments, marking its second major strategic move to date. This acquisition enables the fintech to offer direct card acquiring services to merchants as a Designated Clearing System Participant (DCSP), supporting more efficient, scalable, and cost-effective transactions across South Africa. With this move, Stitch becomes one
EFT Corporation, a leading African payment solutions provider with over 100 million end users and more than $33 billion in annual transaction volume, has announced a landmark partnership with some of Kenya’s most prominent SACCOs to co-create a shared digital payments platform. The announcement was made during the EFT Connect: Kenya event, held in Nairobi
Mukuru is helping reshape South Africa’s predominantly cash-based economy by unlocking access to e-commerce through its partnership with payment gateway Payfast by Network. For over a year, Mukuru and Payfast have enabled cash-paying South Africans to shop online via MukuruPay (MPay), bringing digital commerce within reach for millions and opening new markets for local retailers
Lesaka Technologies saw its share price surge by 17.1% on Friday morning following the announcement of a binding agreement to acquire 100% of South Africa’s digital lender, Bank Zero Mutual Bank, in a transaction valued at over R1.091 billion. Under the terms, the acquisition will be settled through a combination of newly issued shares—resulting in
Mastercard and enza, a payment solutions company, have collaborated to connect fintech companies across Africa to the Mastercard network. This collaboration will enable fintech players to build propositions on the enza platform that serve both consumers and businesses with embedded Mastercard payment solutions capabilities. According to a report by the European Investment Bank, the number
Mukuru, a leading next-generation financial services platform, has once again been recognised among the world’s most influential cross-border payment companies, earning a spot on the 2025 FXC Intelligence Cross-Border Payments 100 list for the sixth consecutive year. Mukuru joins an elite group of global fintechs shaping the future of financial services, reinforcing its reputation as
If you’re a fintech operating in South Africa, your business relationships with a Politically Exposed Person (PEP) could lead to a very serious misstep within your business without the proper due diligence. That’s because screening for PEPs and Prominent Influential Persons (PIPs) is an increasingly important aspect of Anti-Money Laundering (AML). South Africa’s Financial Intelligence
