South Africa-based payments infrastructure company Stitch raised $55 million in a Series B funding round to expand its offerings for enterprise merchants. The company will use the new funding to deepen its in-person payments offering, bolster its online payments suite and move into the acquiring...
South African FinTech Stitch expanded its enterprise payments offering by acquiring in-person payments provider ExiPay. With this addition, Stitch’s platform encompasses online and in-person payments, the company said in a Monday (Jan. 27) blog post. “ExiPay has built a strong solution that, combined with our...
Real-time payments are becoming increasingly popular worldwide, with new implementations and innovations emerging regularly. The European Union has been a traditional leader in real-time payments, prompting providers to prioritize compliance with its regulations. A recent example is Broadridge Financial Solutions, which just launched its Instant...
Russian President Vladimir Putin reportedly said Thursday (Oct. 24) that there are no plans to create a new system for cross-border payments between BRICS countries. Speaking at a summit of BRICS countries — which include Brazil, Russia, India, China and South Africa — Putin said...
November 06, 2024
Real-time payments are becoming increasingly popular worldwide, with new implementations and innovations emerging regularly. The European Union has been a traditional leader in real-time payments, prompting providers to prioritize compliance with its regulations. A recent example is Broadridge Financial Solutions, which just launched its Instant Payments Service for real-time money transfers. The service uses the […]
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...
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...
October 14, 2026
Nuvei has secured a license to offer local merchant payments services in South Africa, the global FinTech company said in a Wednesday (Oct. 14) press release. The authorization came from the Payments Association of South Africa, according to the release. With this authorization, Nuvei can extend its local acquiring and payment acceptance infrastructure, transaction data […]
April 15, 2025
South Africa-based payments infrastructure company Stitch raised $55 million in a Series B funding round to expand its offerings for enterprise merchants. The company will use the new funding to...
January 27, 2025
South African FinTech Stitch expanded its enterprise payments offering by acquiring in-person payments provider ExiPay. With this addition, Stitch’s platform encompasses online and in-person payments, the company said in a...
October 25, 2024
Russian President Vladimir Putin reportedly said Thursday (Oct. 24) that there are no plans to create a new system for cross-border payments between BRICS countries. Speaking at a summit of...
