Evolving South Africa’s Payment Ecosystem: Enhancing Security in a Complex Landscape
The South African payment ecosystem has become more dynamic and interconnected, enhancing financial inclusion and lowering payment costs. The migration to ISO 20022 is facilitating better communication between financial institutions, but regulatory challenges persist.
Standard Bank & Retail Giant Launch Grocery Budget Initiative
Standard Bank partners with Shoprite Checkers Group to help households stretch grocery budgets. UCount Rewards benefits are boosted, allowing points to be redeemed for groceries in-store and online.
South Africa's Stitch acquires Exipay, rebranding it into "Stitch In-Person Payments"
Stitch acquires Exipay to enter the in-person payments market. The platform is rebranded as 'Stitch In-Person Payments.'
Financial inclusion drives African fintech M-KOPA to $400M in ARR
M-KOPA is moving into profit country by sub-Saharan country. The company aims to surpass an annual revenue rate of $400 million by year-end.
Modernizing Africa’s Payment Infrastructure with PaaS
Volante Technologies announces partnership with Standard Bank. Initiative aims to modernize payment infrastructure across Africa.
