Cross Switch Goes Live with Absa Pay for South African Merchants
Cross Switch has gone live with Absa Pay, enhancing online checkout security for merchants. Customers are routed to a secure Absa environment for payment authentication.
littlefish raises $9.5 million to scale its merchant operating system across Africa
Littlefish raised $9.5 million in Series A funding to scale its operations. The startup focuses on building financial infrastructure for small businesses in Africa.
South Africa Leads Crypto Regulation with New CASP Licenses
The CASP licensing process began in June 2023, with applications due by November 30, 2023. As of December 2025, 512 applications were submitted, with 300 approved and 81 investigations into unlicensed activities launched.
Capitec Acquires South African Fintech Walletdoc for $23.5 Million
Capitec Bank acquires Walletdoc for R400 million ($23.5 million). The deal includes R300 million in cash upfront and R100 million in performance-based earn-outs.
Absa Renews Strategic Collaboration with Visa to Accelerate Digital Transformation
Absa and Visa formalized their renewed partnership at a signing ceremony in Johannesburg. The partnership aims to accelerate the development of inclusive and secure financial payment ecosystems.
