Stitch makes second acquisition of 2025, buys Efficacy Payments to deepen card services
Techpoint Africa - Jul 09, 2025
Stitch has acquired Efficacy Payments, its second buyout this year. The acquisition positions Stitch among the first South African fintechs to offer direct card acquiring services.
Why South Africaโ€™s Financial Institutions Must Prioritize Regulatory Adherence
IT News Africa - Jun 25, 2025
Several financial institutions in South Africa have faced administrative sanctions for non-compliance with the Financial Intelligence Centre Act. Recent cases have seen financial institutions paying millions of rands in fines due to non-compliance.
2025 SME Financing Trends: What Entrepreneurs Need to Know
IT News Africa - Mar 14, 2025
Less than 15% of SMEs in South Africa gain access to debt funding from traditional banks. The International Finance Corporation estimates a $30 billion funding gap for South African SMEs.
How to Combat Financial Crime & Greylisting in SA
IT News Africa - Mar 13, 2025
Zingai Dhliwayo stole the identity of Bethal Ngobeni and spent R4.2 million on luxury items within seven months. Dhliwayo's illicit activities included buying stolen gold-bearing materials and selling them on the black market.
MTN Plans to Acquire Banking License Pending SARBโ€™s Approval for Fintech Access
Tech In Africa - Dec 17, 2024
MTN plans to acquire a banking license pending SARB's approval for fintech access to the payments system. MoMo currently provides limited transactional banking services and caters to low-income consumers.