Since the digital newcomers entered the market, the incumbent banks have been slashing their prices one after the other.
Iyzico is the third fintech business in the space of two years that Naspers has acquired as it pursues its vision for digital payments.
The fintech group delivers an almost 20% rise in revenue to just over R607 million, with a 13% decrease in profit.
The investment by the Ethos AI Fund in TymeBank will result in the fund being an 8% shareholder in the bank.
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
To survive in this new digital world, businesses need to reimagine their approach to regulatory reporting, says Synthesis director Jake Shepherd.
New fintech firm Fundrr is disrupting traditional SME financing models, offering online finance in 24 hours.
The bank unveils its SimplyBlu all-in-one payment solution that allows small business owners to start and manage their own online store from one platform.
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
VALR today launches rand trading to allow users to buy and sell Bitcoin directly with the local currency.
Flutterwave is set to unveil its online product locally, with launch events set for Joburg, Pretoria and Cape Town this month.
Africa’s biggest media company has set the date for the listing of its new global consumer Internet group, NewCo.
Fintech firm Crossfin partners with Apis to acquire Sureswipe, in a move that seeks to transform the Southern African payments acceptance market.
South African telco Vodacom and Kenya’s Safaricom are in the process of acquiring the M-Pesa brand from Vodafone.