Sections
South Africa
South Africa is a country on the southernmost tip of the African continent, marked by several distinct ecosystems. Inland safari destination Kruger National Park is populated by big game. The Western Cape offers beaches, lush winelands around Stellenbosch and Paarl, craggy cliffs at the Cape of Good Hope, forest and lagoons along the Garden Route, and the city of Cape Town, beneath flat-topped Table Mountain.
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3.4KInternationalGoldman Gets Green Light To Operate Bank In South Africa
As Goldman Sachs seeks further expansion in the South African economy, the financial services company joined the Johannesburg Stock Exchange’s interest-rate and...
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2.6KB2B PaymentsSouth Africa Lowers Check Limits To Promote B2B ePayments
South Africa is lowering the limit for which paper checks can be written in an effort by the nation’s payments industry to...
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1.9KDeliveryUber Eats Partners With South African Restaurants For Food Delivery
Uber is leveraging its ride-hailing success in Africa to deliver local fare that caters to the tastes of its middle-class customers, Reuters...
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2.7KInternationalBRICS Drives Mobile Payments Growth Last Decade
A few decades ago, a certain acronym was a darling of Wall Street, a place where acronyms thrive. BRIC. And, later, BRICS. Shorthand...
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3.6KB2B PaymentsXero Highlights South Africa’s Late Payments Surge
New analysis from small business (SMB) accounting platform Xero is calling attention to the late B2B payments epidemic in South Africa. Gadget...
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3.2KSecurity & FraudJohannesburg City Council Hit With Ransomware Attack
The city council of Johannesburg, the largest city in South Africa, was hit with a ransomware attack on Friday (Oct. 25) that...
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2.6KInvestmentsNaspers’ Prosus To Be Third-Largest Stock In Amsterdam
South Africa’s Naspers launched a $100 billion European tech giant on Wednesday (Sept. 11). Prosus holds the international internet assets of Naspers,...
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3.5KRetailPharmacies Drive More Retail Innovation
Pretty much everyone needs medicine at one or another, and that need is helping to drive retail innovation and attempts at disruption...
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5.5KFintech InvestmentsSureswipe Acquisition Aims To Cash In On Card Machine Growth
A group of investors has acquired Sureswipe, a South African payments company, for an undisclosed amount. The investors were led by Apis...
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2.0KEarningsMassmart Slashes EPS Forecast, Names Walmart Exec As CEO
With consumers reigning in spending in South Africa, retailer Massmart cuts its earnings per share forecast for the first half of the...
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Naspers To Create, List New Internet Company To House Tencent Stake
Naspers, the South African company, is gearing up to spin off and list its Amsterdam internet assets in a new group that will...
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8.2KB2B PaymentsPwC Probe Uncovers $7.4B Steinhoff Accounting Fraud
According to Reuters, in what the publication described as the largest corporate scandal in South Africa, corporate auditing firm PwC has uncovered a...
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3.9KFinancial InclusionSasfin And Hello Paisa Team Up For South African Banking Venture
Two South African FinTech companies, Sasfin, a banking group, and Hello Paisa, a money transfer startup, are teaming up to start a...
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9.2KHealthcareATMs For Medicine? That’s One Way Pharmacies Are Going Digital
Pharmacies and the delivery of prescription medication are both undergoing significant change, and much of the credit for that can be directly...
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6.1KB2B PaymentsIndustry 4.0 Pulls South Africa’s SMB Banking Sector Into The Technology Mix
The South African economy has struggled in the last decade. Gross domestic product (GDP) growth has failed to surpass 4 percent, with...
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3.8KRegulationGlobal Leaders Want Global Oversight Of Big Tech
World leaders from countries including Japan, South Africa, China, and Germany said there should be global oversight of the technology industry, underscoring...
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4.6KB2B PaymentsLate Payments Help Sink UK SME Confidence
In the U.K., the twin barrels of Brexit and late payments have helped erode confidence in growth prospects, according to Dun &...
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3.8KB2B PaymentsSouth Africa Government Losing Billions To Trade Mis-Invoicing
Analysts estimate the South African government has lost a total of about $37 billion as a result of misinvoicing in its global...
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6.0KInvestmentsNaspers Invests $300M In South Africa Startups
Naspers has announced that it has created an R1.4bn ($300 million) startup fund to boost the technology sector in South Africa. Naspers...
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3.3KPoint of SaleIn Africa, Yoco Powers SMES Beyond Cash-Based Commerce
In Africa, small to mid-sized enterprises are an engine of the overall economy. As noted on the International Trade Centre’s website, more...
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4.2KBitcoinBitcoin Daily: South Africa Mulls Crypto Tax, Opera Unveils Crypto Wallet For Desktop
Romir Research Holding found that 44 percent of Russians know about virtual money and only 31 percent have an idea of what...
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3.4KGlobal PaymentsTransferTo Teams Up With Stellar; Bunq Unveils Payment Link Service
Welcome to The Axis, your late look at payments news from around the world. Coverage includes TransferTo‘s tie-up with Stellar Development Foundation for cross-border...
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3.6KSafety and SecurityLiberty CEO: Customers Untouched By Recent Cyberattack
Liberty Holdings’ CEO said its customers have not suffered any financial losses so far after the company was hit with a cyberattack...
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2.6KCryptocurrencySouth African Crypto Firm May Have Bilked $80 Million
Count one more (alleged) cryptocurrency scam on the global stage. Reuters reported Friday that in South Africa, an investigation has been opened...
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4.3KBitcoinBitcoin Daily: Bloomberg Reporters Pulled Into Crypto Scam, Norway Considers Central Bank Digital Currency
Bitcoin dropped below the $8,000 level on Wednesday (May 23), MarketWatch reported. The cryptocurrency was $7,522.24 as of 8:03 p.m., according to...
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2.9KSecurity & FraudSouth Africans The Subject Of Another Data Leak
South Africa, following a massive breach in October 2017, suffered another attack, with the personal records of 934,000 South Africans being leaked....
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2.5KEarningsNaspers Sells 2% Stake In Tencent For More Than $10B Windfall
Naspers, the South African media and internet company, is unloading 2 percent of its stake in China’s Tencent, giving it up to...
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6.0KPartnerships / AcquisitionsMastercard Buys Oltio To Bolster Digital Payments
Mastercard announced news on Tuesday (March 6) that it has completed its purchase of Oltio, the mobile payments technology company from Standard Bank...
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7.8KSecurity & FraudCan ‘Healthy Friction’ Help Build Consumer Trust?
Friction isn’t a deal-breaker for mobile banking and payment apps. To be sure, too much friction can send users running back to...
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5.2KBank RegulationBanks Linked to South African Money Laundering Scandal
HSBC and Standard Chartered, the two U.K. banks, are facing a review by the country’s financial regulators and the Serious Fraud Office...
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2.3KSafety and SecuritySouth Africa’s Biggest Data Breach A Mystery
In what may be South Africa’s largest data breach, hackers may have gotten away with extensive personal information, including ID numbers, income,...
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4.8KRetailFinTech Startup Is Toppling Cash King In South Africa With mPOS
In South Africa, where cash still reigns and there are few signs of merchants and consumers moving away from paper and coin payments,...
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3.9KB2B PaymentsSouth Africa’s Business Travelers Flock To Uber
South African business travelers are flocking to sharing economy services like Uber and Airbnb, but business travel policy has so far failed...
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4.4KInternationalNaspers Chairman Pushes Back On Calls To Sell Its Tencent Stake
Faced with calls to break up the eCommerce and Pay TV company and sell its stake in Tecent, the chairman of South...
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4.8KPayment MethodsHan Feng Now Accepts Alipay In U.S.
Alipay, Ant Financial Group’s payment platform, announced Wednesday it had inked a Memorandum of Understanding (MoU) with Han Feng Inc., a food supplier...
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16.8KCashIn South Africa, Cash Is Consumers’ Hands-Down Choice
For South African eTailers, accepting cash is not an ‘if,’ but a ‘must.’ According to the latest PYMNTS Global Cash Index™ South...
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12.9KCashNEW REPORT: In South Africa, Cash Is Still Right On The Money
When it comes to smartphone penetration in Africa, South Africa leads the way. Yet mobile payments are failing to catch on. In...
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2.9KToday In DataToday in Data: Rev The Launch Engines
In the tech world, launches are happening every day. From product releases to new companies and merger announcements, improvements are constantly being...
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4.4KPayment MethodsACI Worldwide Launches Alipay In South Africa
ACI Worldwide, a leading global provider of real-time electronic payment and banking solutions, announced the launch of Alipay in South Africa, via...
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4.0KPartnerships / AcquisitionsCardtronics Closes On Its Acquisition Of Spark ATM Systems
Cardtronics announced Tuesday (Jan. 31) it has closed on its acquisition of Spark ATM Systems, a move the company said marks its...
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5.4KPartnerships / AcquisitionsMasterpass And SnapScan Team In South Africa
Mastercard announced last week that people in South Africa can now use Masterpass, the digital payments service by Mastercard, for purchases at...
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3.7KInternationalPeach Payments Takes On FinTech Expansion In Africa
South African FinTech Peach Payments announced on Wednesday (Oct. 5) plans to expand its business to Kenya and Nigeria. The three-year-old startup,...
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3.0KMobile PaymentsMTN South Africa Is Canceling Mobile Money Platform
Taking a page from competitor Vodacom South Africa, MTN South Africa is canceling its mobile payments platform, Mobile Money. According to a...
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6.6KInternationalUber Drivers In South Africa At Risk When Accepting Cash Payment
Uber, aiming to target the unbanked in South Africa, has rolled out a new service that lets riders pay for trips in...
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3.6KFinancial InclusionFirst National Bank Of South Africa Sets Up Business In Shipping Container
Shipping containers are large enough to be more than a means to get products from Point A to Point B. It turns...
- International
Starbucks Plans For 150 South Africa Shops
The response to the first Starbucks location in South Africa has compelled the company to scale up its expansion plans — by...
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1.9KB2B PaymentsSouth Africa To Operate Online Portal for Government Suppliers
South African small- and medium-sized enterprises will now more easily gain access to government procurement opportunities thanks to a new initiative that...
