Discovery today announced financial results for the year ended 30 June 2026, reporting a 17% increase in normalised profit from operations to R17.75 billion. This was driven by strong growth in South Africa, including the continued scaling of Discovery Bank, and the Vitality international businesses. Adrian Gore, Discovery Group Chief Executive said in his presentation,
Infosys Finacle, part of EdgeVerve Systems, a wholly-owned subsidiary of Infosys (NSE, BSE, NYSE: INFY), today announced that Investec, a leading international bank and wealth manager, has selected the Finacle Digital Banking Solution Suite on Microsoft Azure to modernize its banking operations across South Africa, the UK, Mauritius, and the Channel Islands. As part of this multi-country, large-scale transformation program, the bank will
FNB eBucks, Clicks, and Engen proudly announce the launch of a future forward customer ecosystem from 01 August 2026. The first-of-its-kind initiative brings together three leading brands into a single integrated rewards ecosystem spanning fuel, retail and banking. By rewarding customers for banking with FNB, fuelling at Engen and shopping at Clicks simultaneously, this creates
Stitch Express, the payments solution built for growing South African businesses, today announced the launch of Express In-person payments, bringing in-person card and alternative payment acceptance to retail merchants with physical locations. As part of this launch, Stitch is the first payments provider in South Africa to offer a fully integrated Shopify POS solution, allowing
Stables and Access Bank South Africa are partnering to explore a faster, cheaper way for African businesses to pay and get paid across Asia, settled in USDt. The partnership connects Access Bank’s customers to Stables’ payments network in Asia and MENA, targeting one of the slowest and most expensive corridors in global trade. It is
Tyme Group today announced that GoTyme Bank has been named Best Digital Bank for Consumers at the Euromoney Awards for Excellence 2026 across both its South Africa and the Philippines operations—making it the leading digital bank in all the markets in which it operates. The award follows another year of exceptional growth for Tyme Group,
eZi Remit, a South African-based remittance fintech, has announced a strategic collaboration with Mastercard to enhance the speed, security, and accessibility of cross-border payments for eligible transactions. Powered by Mastercard Move, Mastercard’s portfolio of global money movement capabilities, eZi Remit’s solution is designed to enable South Africans to send money internationally with improved speed, transparency,
Original article published by Financial Mail here: Author Tim Cohen The South African Reserve Bank (SARB) is considering making participation in the PayShap instant payment system mandatory for banks as part of its broader effort to accelerate digital payments and reduce the country’s reliance on cash. While PayShap has been available for more than three
Float, the card-linked instalment platform founded in South Africa, has expanded into the United Kingdom. The launch has been supported by the UK Government’s Global Entrepreneur Programme, which brings high-growth international businesses into the UK market. The South African fintech lets shoppers split any purchase into up to 24 interest- and fee-free monthly instalments, using
Mastercard announced the launch of its Africa Cybersecurity Center of Excellence, a pan-African initiative designed to strengthen cyber resilience, enhance collaboration and help safeguard the trust that underpins Africa’s expanding digital economy. The announcement was made during a visit to South Africa and Nigeria by Mastercard CEO, Michael Miebach, reflecting Mastercard’s long-term commitment to supporting
