Why South Africa’s iGaming Sector Is Turning to Crypto Amid Rising Payment Fraud
- iGaming fraud in South Africa tripled during the second half of 2025, according to Sumsub's report.
- Africa's iGaming fraud rate reached 2.54% in Q1 2026, significantly above the global average.
- Fraud rates globally rose nearly 18% year-on-year, with suspicious transactions increasing over 4.5 times.
The rapid growth of online gambling in South Africa presents significant opportunities, but the accompanying rise in sophisticated fraud poses serious risks. Operators must prioritize the modernization of both verification technology and payment infrastructure to effectively combat these threats. A proactive, multi-layered approach to fraud prevention will be essential for maintaining trust and compliance in this evolving market.
