News
South Africa Emerges as Fintech Revenue Leader in Africa
According to a report published by Research and Markets, South Africa has emerged as a frontrunner in fintech revenue generation, accounting for approximately ...
News
SA: FNB Pay and Masterpass Lead Mobile Payments Landscape in South Africa
According to a recent survey conducted by Statista’s Consumer Insights, FNB Pay and Mastercard Click to Pay (Masterpass) have emerged as the most ...
South Africa
South African BNPL Startup Float Secures $11 Million Funding to Launch Card-Linked Instalment Platform
Float, a South African startup specializing in buy-now-pay-later (BNPL) services, has successfully secured $11 million in funding from Standard Bank. The funding will ...
Regulatory
South Africa’s Ambitious COFI Bill Set to Revolutionize Fintech Industry
The South African government has unveiled plans to introduce the Conduct of Financial Institutions (COFI) Bill, marking a significant step toward reforming and ...
News
South Africa: XS.com Expands African Presence with Acquisition of South African License
XS.com, a leading FinTech and financial services provider, has announced its strategic foray into the burgeoning African market with the acquisition of a ...
News
South Africa: Fed Governor Discusses Necessity of Cross-Border Payment Frictions
Federal Reserve Governor Michelle Bowman addressed the complexities surrounding cross-border payments during her speech at the BCBS-FSI High-Level Meeting for Africa in Cape ...
News
South Africa: Future DX Team Clinches MTN Business App of the Year with Innovative Learning Platform
In a triumphant victory, the Future DX team from Mafikeng, North West, secured the top spot in the Hackathon category of the 2023 ...
Regulatory
South Africa’s Financial Regulator to Evaluate 36 Crypto Firms for Licensing in December
The Financial Sector Conduct Authority (FSCA), South Africa’s financial regulator, is poised to scrutinize applications from 36 cryptocurrency companies seeking operational licenses in ...
Regulatory
SA: Regulatory Authority Cautions Against Starlink Usage in South Africa
The Independent Communications Authority of South Africa (Icasa), the regulatory body overseeing telecommunications in the country, has issued a warning regarding the usage ...
News
SA: Fitch Highlights Concerns Over South Africa’s Fiscal Outlook Due to Wage Costs
Fitch Ratings has expressed alignment with the South African government’s projection of government debt/GDP reaching 77.7% in the fiscal year ending March 2026. ...