Fincra Secures South Africa Payment Licence to Boost Cross-Border Fintech Expansion
Fincra has obtained a Third Party Payments Provider (TPPP) licence in South Africa. The licence allows Fincra to process debit and credit card transactions, electronic funds transfers, real-time clearing, and rapid payments.
Fincra gets South African payments licence to deepen African reach
Fincra has obtained a TPPP licence in South Africa. The licence allows processing of debit and credit card transactions, EFTs, RTC, and rapid payments.
MTN enters payments market with MoMo Pay targeting cash-heavy informal sector
MTN South Africa has introduced MoMo Pay, targeting the informal payments market. 95% of transactions in South Africa’s informal sector are still cash-based, leading to financial exclusion.
Cape Town: Africa’s Tech Hub on the Rise
Cape Town is recognized as 'Africa’s Tech Capital' and 'Startup Capital of Africa.' The Cape Town–Stellenbosch corridor hosts over 450 tech firms employing more than 40,000 people.
Next Wave: What African startups need to win in the future
Venture funding in Africa dropped to $2.2 billion in 2024, a 25% decrease from the previous year. Only 385 startup ideas received VC backing in 2024, down from 600 in 2022.
