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fintech south africa

Could Fintech Ignite South Africa’s “Kasi Economy”?

With the majority of South Africa's urban population residing in townships, according to the World Bank, and with an 18 percent contribution to South Africa’s GDP, the informal sector is one of the most important parts of the entire...

SA’s Zapper Launches Tap-On-Phone Payments

Zapper, a South African independent mobile payments, insights, loyalty, and rewards platform, has today announced that merchants using the platform will now be able to accept tap-on-phone payments. The new functionality gives them access to virtually all digital payments without...

Absa is Now Letting Android Users Turn Their Phones Into Card Machines

Absa, one of South Africa's Big Four Banks, has today announced the launch of its new Absa Mobile Pay app in conjunction with technology firm WIZZIT Digital. This latest innovation that Absa is calling "a market-first, mobile payment acceptance solution"...

Capitec Launches New Free QR-Code Payments in South Africa

Capitec, one of South Africa's largest digital banks, is expanding its digital offering with the launch of Capitec Pay Me, a new solution enabling its clients to generate a personalised QR code on the bank’s app to receive payments...

This Fintech Startup Built SA’s First Buy Now, Pay Later Platform for Existing Credit

A home-grown fintech start-up, Float, has brought South Africa’s first interest-free Buy Now, Pay Later (BNPL) product that uses a customer’s existing credit, to market. This novel product enables consumers to get their purchases upfront and use existing credit to...

4 Fresh Fintech Funding Trends to Benefit Small Businesses in SA

It’s now a lot easier and faster for SA’s small businesses to access funding thanks to the influence of fintech. These fintech combine technology and data analytics to provide funding to businesses while also driving financial inclusion. According to the...

Confidence Rebounds in SA as Consumers Embrace eCommerce & Contactless Payments

 More than 18 months since the onset of COVID-19, Visa today announced the results of a study that tracks the impact of the pandemic on consumer attitudes and spending across Central and Eastern Europe, the Middle East and Africa...

Founder of South African Fintech PayFast Resigns

After fourteen years at the helm of PayFast, the company has announced that Jonathan Smit is stepping down at the end of August 2021 to prepare for a new chapter. A self-admitted technophile, Smit founded PayFast – now one of...

Latest Mambu Research Reveals Gap in Global Financial Awareness and Accessibility

A study of 2,000 global consumers released by Mambu, the market-leading banking and financial services platform, revealed that both banked and unbanked individuals feel underserved, with 56% of banked customers claiming that there are other services they should be...

There Are More Fintech Startups in Africa Now Than Ever Before

Africa’s fintech sector is growing and maturing, with more startups active in the space than ever before, platforms increasingly offering a variety of services, and investment and acquisitions taking place to an unprecedented degree. Every two years since June 2017,...
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Global Cloud Platform Honored as CPaaS Leader by Gartner

Gartner has ranked global cloud communications platform Infobip as a leader in the Communications Platform as a Service (CPaaS)...
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