PayShap is leading the charge as South Africa’s real-time payments landscape transforms. Built on the Rapid Payments Programme (RPP) rails, PayShap has emerged as a key product driving digital transactions, fostering financial inclusion, and accelerating the country’s shift towards a digital economy. Since its launch on March 13, 2023, PayShap has seen phenomenal growth, with
iKhokha, a fintech company dedicated to fostering growth for South African small businesses amid challenging macroeconomic conditions, hosted its first iKhokha Elevate event in Durban on Wednesday, March 12. The event, which saw hundreds of merchants attend in person and thousands more join online, focused on discussing the challenges and successes of small businesses. It
RealPay has strengthened its African footprint through expanded partnerships with leading financial institutions. These collaborations leverage innovative technology to promote financial inclusion and drive seamless payment processes across multiple countries. For more information about RealPay, click here. Founded in 2003, RealPay has pioneered time-sensitive payment solutions throughout the continent, helping businesses of all sizes—from small
African Development Bank Group and Standard Bank Group signed a landmark financial agreement to enhance funding for small, medium, and micro enterprises (SMMEs) and expand trade across Africa. The agreement includes a R3.6 billion investment in a social bond and a $200 million Risk Participation Agreement (RPA) for Standard Bank of South Africa Limited (SBSA).
Stitch has partnered with the Shyft team to offer instant top-ups on the Shyft wallet, providing customers from any bank with more immediate access to funds for global transactions. Payments infrastructure company Stitch has partnered with Standard Bank’s Shyft, the global money app, to enable instant top-ups on the Shyft wallet for customers from any
SA Banks are facing a significant shift in technology and in how different groups of customers engage with it. While banks have invested heavily in protecting their customers against fraud, this focus has unintentionally slowed down spending in other areas. As a result, the cracks in the system are starting to become more visible. Currently,
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
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
Receive Regular news of the latest in payments straight to your inbox.
