Nilesh Dusane, global head of institutional payments at AWS, and Ben Janse van Rensburg, interim CIO at BankservAfrica, told PYMNTS that instant payments will do much to transform South Africa’s financial services landscape. Janse van Rensburg noted that BankservAfrica, operating as an automated clearing house,...
Amazon will open its doors to sellers in South Africa beginning next year. Starting Tuesday (Oct. 17), independent merchants in the African nation can register their businesses, the retail giant said in a news release. “We look forward to launching Amazon.co.za in South Africa, providing...
South African payments infrastructure Stitch has raised $25 million in a Series A extension. The round, announced Tuesday (Oct. 3), was led by Ribbit Capital and brings Stitch’s total funding to $52 million, the company said in a news release provided to PYMNTS. Joining the...
South African telecom MTN now counts Mastercard among its investors. The company announced Monday (Aug. 14) that the payments giant had agreed to a minority investment in its FinTech group, valuing that side of the company’s business at $5.2 billion. At the same time, MTN made a commercial agreement with Mastercard...
December 04, 2023
Nilesh Dusane, global head of institutional payments at AWS, and Ben Janse van Rensburg, interim CIO at BankservAfrica, told PYMNTS that instant payments will do much to transform South Africa’s financial services landscape. Janse van Rensburg noted that BankservAfrica, operating as an automated clearing house, has been around for more than 50 years, and processes […]
August 01, 2023
The real-time payments landscape is constantly changing. Growth in adoption and transaction volume has been measured across the continents. With the U.S. Federal Reserve’s launch of FedNow, this change seems...
April 10, 2023
Compared to other African markets which have high levels of unbanked populations, more than 80% of South Africa’s population has access to a bank account. However, that access to financial...
December 19, 2022
It’s been a tumultuous and volatile year for businesses around the world. And while the uncertainty is expected to continue into 2023, Karen Nadasen, CEO at PayU South Africa, told...
February 22, 2024
South Africa’s Absa Group has reportedly highlighted the opportunity for African FinTechs to consider public listings at home. Adesoji Solanke, head of FinTech investment banking origination at Absa Securities UK, emphasized the potential for FinTech startups on the continent to raise capital through initial public offerings (IPOs) on local exchanges, Bloomberg reported Thursday (Feb. 22). […]
October 17, 2023
Amazon will open its doors to sellers in South Africa beginning next year. Starting Tuesday (Oct. 17), independent merchants in the African nation can register their businesses, the retail giant...
October 03, 2023
South African payments infrastructure Stitch has raised $25 million in a Series A extension. The round, announced Tuesday (Oct. 3), was led by Ribbit Capital and brings Stitch’s total funding...
August 14, 2023
South African telecom MTN now counts Mastercard among its investors. The company announced Monday (Aug. 14) that the payments giant had agreed to a minority investment in its FinTech group, valuing that side of the company’s...
