Absa Group has signed agreements with the Meltwater Entrepreneurial School of Technology (MEST) in Ghana, the Cape Innovation and Technology Initiative (CiTi) and Grindstone in South Africa to support and collaborate in initiatives that are aimed at growing emerging technology and other businesses in Africa. The agreements expand Absa’s Digital Partnerships capability, established in 2020
Flywire integrates directly into the Adapt IT student management system to digitize and streamline cross-border education payments into South Africa Flywire Corporation, a global payments enablement and software company, announced the availability of an integration with Adapt IT Education, a division of Adapt IT Holdings Limited to streamline and digitize cross-border education payments for students
Standard Bank is updating its popular UCount Rewards programme to accommodate even more personal banking clients. As of 1 March 2022, clients with international offshore accounts will earn UCount Tiering Points monthly. This is just another way the bank is giving customers additional value. “Our international savings and investment accounts are popular products among our
Reported net profit for the year was USD 56.6 million, a significant increase on USD 5.6 million recorded in 2020 Revenue increased 23.7% year on year to USD 352.2 million in 2021 with Middle East revenue increasing 25.0% year on year; Underlying EBITDA[1,2] increased by 27.5% to USD 143.5 million reflecting strong revenue performance and prudent
Digitally active customers at 6.21 million and digital logins totalled 804 million for the period FNB has delivered robust interim results for the six months ended 31 December 2021 with pre-tax profits increasing 31% and an improved Return on Equity (ROE) of 39.7%. Operational performance was bolstered by a macroeconomic recovery, deposit growth, and an
The COVID-19 pandemic spotlighted the undeniable need to prioritise and ensure the safety and health of every South African citizen, regardless of age. While most children don’t develop symptoms when infected with the virus, or have a very mild form of COVID-19, research has shown that infectious children can still spread the virus to other
Two South African fintechs, alternative lender Merchant Capital and online payment specialist Payflex, have launched a cash advance solution that aims to breathe new life into South Africa’s growing small and mid-sized retail sector. Known as FlexiAdvance powered by Merchant Capital, the offering is customised and backed by technology to allow access to funding within
By: Simone Cooper – Head of Business Banking at Standard Bank Group Businesses, and especially small businesses in South Africa, have been particularly hard hit by a dual crisis starting with slower economic growth and then the severe impact of COVID-19 restrictions in 2020 and 2021. There is broad acknowledgment that the untapped potential in
While AI and Machine to Machine (M2M) technology are nothing new, they are being deployed with greater speed and efficiency, and in more contexts within the South African payments and e-commerce environment. According to Andrew Springate, CEO of tech and financial gateway service provider PAYM8, the real potential of these technologies is just starting to
Weaver Fintech, a new division of omni-channel retailer Homechoice International (HiL), has made its first acquisition, buying an 85% stake in Cape Town-based buy-now-pay-later (BNPL) start-up PayJustNow. HiL is an investment holding company, focused on fintech and omni-channel retail through its subsidiaries. It is incorporated in Mauritius and listed on the Johannesburg Stock Exchange. According
