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Fintech

TymeBank, UAE-based payments firm team up to target SMEs

The digital bank signs a co-operation agreement with Network International, which will empower small and micro businesses to accept card payments.

Samuel Mungadze

Naspers’s Prosus leads R246m investment in Mexican digital bank

The early-stage venture investor makes its first investment in Mexico, leading a $15 million Series A funding round in Klar.

API economy the next big opportunity for fintechs, banks in Africa

Rudy Kawmi, head of Retail Banking Sales across Africa at Finastra, will outline the future of banking at the upcoming next-generation banking webinar.

Banking, Google alliance promises digital world to SMEs

Standard Bank, Mastercard and Google want to help SMEs accelerate digital transformation, in response to operational challenges posed by COVID-19.

Samuel Mungadze

Capitec clients can buy SA, US stocks from banking app

The EasyEquities feature allows rands to be converted to dollars within the platform and then used for the purchase of US shares.

Samuel Mungadze

NSFAS fintech partners to challenge contract cancellations

In this week's tech news roundup, Fintech partners contracted to disburse monthly allowances to NSFAS-funded tertiary students have challenged the allegations levelled against them, saying they are considering legal action. eZaga and Tenet Technology have denied the allegations made against them and claim to not have received the full report in which these were made Stay informed and engaged with our comprehensive coverage of these stories and more on our website, www.itweb.co.za and social media platforms. Discover the latest advancements shaping the future of technology by ITWeb. #newsvideo #sita #nsfas https://www.itweb.co.za/content/DZQ58MV8yPAvzXy2 https://www.itweb.co.za/content/rxP3jqBEax8MA2ye https://www.itweb.co.za/content/xnklOvz1dnYq4Ymz https://www.itweb.co.za/content/dgp45vaBPVJ7X9l8 https://www.itweb.co.za/content/P3gQ2qGAPrg7nRD1

SARB grants Bank Zero forex exchange licence

SA’s newest digital-only bank, Bank Zero, is appointed as a restricted authorised dealer in forex exchange by the South African Reserve Bank.

Sibahle Malinga

Goods-based remittance app expands to Malawi

Malawian expats in SA can now use the Malaicha.com app to send goods and groceries to loved ones back home.

SA start-up wiGroup joins forces with UK payments firm Yoyo

The Cape Town-based start-up partners with the UK firm to create a global loyalty company under the Yoyo brand.

Huawei Cloud drives African FinTech innovation

Mark Wang, Solution Architect at Huawei Cloud Southern Africa, spoke to ITWeb about Huawei being a strategic partner in the banking sector. He also addressed challenges for banks in SA and potential growth in the payment ecosystem for customers. #huaweicloud #fintech #digitalbanking

American Express Cardmembers

American Express offers SA cardmembers more choice

With the Membership Rewards Card, American Express will convert points to cash, putting money back in the hands of existing individual and business American Express Cardmembers.

FNB Connect sees growth in data, voice minutes usage

The MVNO records 25% growth in active customers, including 36% growth in premium subscribers who earn more than R240 000 per year.

First National Bank

FNB opens gateway to shares in global tech firms

First National Bank enables customers and institutional investors to buy fractional shares in Amazon, Apple, Facebook and Google parent company Alphabet.

Taking security along on the M&A journey

Both acquisitions and de-mergers present companies with an opportunity to revisit their cyber security landscape.

Sandro Bucchianeri

Bank Zero on track for 2020 launch, says CEO

South Africa’s latest digital-only bank confirms it will be open to the public before the end of the year, with financial backing from seven investors.

Sibahle Malinga

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