Fintech
South African Banks Scale Back ATMs as Digital Payments Take Centre Stage
South Africa’s leading banks are rethinking their reliance on Automated Teller Machines (ATMs), marking a significant shift toward a digitally-driven financial ecosystem. Once ...
Fintech
Stitch Raises $55M to Scale RegTech-Compliant Payment Solutions Across Africa
South African fintech innovator Stitch has secured $55 million in its latest funding round, reinforcing its mission to revolutionize Africa’s payments infrastructure with ...
Fintech
Global: Mastercard and Paymentology Strengthen Card Issuance to Empower South African Fintechs
Mastercard is expanding its collaboration with Paymentology, a global leader in next-generation issuer processing, to enhance card issuance capabilities for fintech companies in ...
Regulatory
South Africa to Raise VAT to 16% by 2026 to Strengthen Revenue Generation
South Africa’s Finance Minister, Enoch Godongwana, has announced a phased increase in the country’s value-added tax (VAT), outlining the measure during his 2025 ...
Innovation
South Africa to Scrap Luxury Tax on Smartphones to Promote Digital Inclusion
In a bid to make smartphones more affordable for low-income households, the South African government has announced plans to eliminate the luxury excise ...
News
South African Major Banks to Boost Loss-Absorbing Capacity from 2026 – Fitch
South Africa’s systemically important banks (D-SIBs) are set to enhance their loss-absorbing capacity starting in 2026 by issuing new loss-absorbing debt (FLAC), according ...
Fintech
Kazang and TymeBank Join Forces to Expand Financial Access in Underserved Communities
Kazang, a prepaid value-added services (VAS) and card-acquiring business under Lesaka Technologies, has partnered with TymeBank to improve cash withdrawal accessibility in South ...
Regulatory
South African Regulator Pushes for $27M Annual Compensation from Google, Meta for Local News Publishers
South Africa’s Competition Commission is calling on global tech giants like Google, Meta, and X (formerly Twitter) to compensate local news publishers for ...
Innovation
South African Telcos Push for Streaming Platforms to Contribute to Network Costs
South Africa’s leading telecom operators, Vodacom and MTN, are advocating for major streaming platforms like Netflix and YouTube to contribute to network costs, ...
Fintech
South Africa: Stitch Expands Into In-Person Payments with ExiPay Acquisition
South African fintech leader Stitch, widely recognized for its innovative digital payment solutions, has announced the acquisition of ExiPay, a startup specializing in ...
