Kazang, a leading prepaid value-added services (VAS) and card-acquiring business within JSE-listed fintech Lesaka Technologies, is helping to transform South Africa’s tavern sector – an industry worth an estimated R40 billion to R60 billion a year and comprising more than 34,000 licensed tavern owners. The sector plays a central role in township economies and community
EFT Corporation, a leading provider of innovative payment solutions across African markets, today announced Adri Führi’s appointment as Group Chief Financial Officer (CFO), effective immediately. Führi brings over 25 years of extensive financial services experience to her new role, including over a decade of serving as CFO across multiple organisations. A qualified Chartered Accountant (South
InstaPay, South Africa’s next-generation integrated merchant and consumer payments platform, has launched InstaPay Gini, a secure, mobile-first wallet that gives South Africans a smarter way to save and spend – with no monthly fees and interest rates of up to 6%, designed to beat inflation. “InstaPay is the result of combined expertise and technology between
Across Africa, access is widening but gaps remain. Mobile money and instant payment rails continue to scale, yet distance to service points, liquidity constraints, and rising digital risks still hold back formal usage especially outside cities. The strategic question for banks is the following – will branch-centric distribution keep pace or will everyday payments continue
Float, the four-year-old South African card-linked instalment platform, has successfully raised $2.6 million (R46 million) in its latest funding round. The round was co-led by Invenfin and SAAD Investment Holdings, with participation from all existing investors, including Platform Investment Partners. Lighthouse Venture Partners also joined the round and provided advisory support throughout the deal. The
Originally published by Cross Switch here: https://cross-switch.com/cross-switch-at-seamless-africa-2025-orchestrating-growth-in-payments/ Seamless Southern Africa 2025, held in Johannesburg, brought together over 6,000 professionals from the banking, fintech, retail, and e-commerce sectors. The energy in the air confirmed the feeling that Africa isn’t just following global digital commerce trends, but is moving ahead at its own lively pace, showing that
Click to Pay is transforming the way we pay online. Online commerce continues to grow, with new payment methods such as BNPL, stablecoins and scan-to-pay emerging over the last decade. Despite this variety, cards remain the most trusted and widely used method. The problem is that many online checkouts still rely on outdated processes, forcing
South Africa is poised for a digital currency shift, and technology innovator MoData states that it is positioned to play a key role in underpinning the next generation of money. As South Africa accelerates its digital currency ambitions, the South African Reserve Bank (SARB) is laying the groundwork for a financial revolution – one that
Nedbank Group, one of South Africa’s leading financial services providers, is pleased to announce that it has entered into a binding agreement to acquire 100% of fintech innovator iKhokha in an all cash deal for approximately R1.65bn (subject to certain adjustments upon conclusion), a move that marks a significant milestone in Nedbank’s strategy to deepen
In today’s always-on digital economy, even a moment of downtime can cripple small businesses – resulting in lost revenue, broken trust, and operational delays. SMEs are under increasing pressure to function in real time – whether it’s processing payments, running cloud-based applications, or simply staying connected to customers. Uninterrupted, high-performance connectivity is no longer optional;
