Over $2 trillion flowed through mobile money wallets in 2025, driven by deepening use of the financial services offering, says the GSMA.
IS21 launches as a multi-currency digital token tied to the rand, dollar and euro, amid Middle East war volatility rattling currencies.
As cloud adoption accelerates, many companies find themselves paying for resources they don’t use, says Gert Haasbroek, senior cloud architect at Datacentrix.
AI is now both the weapon and the shield, forcing banks and fintechs to strengthen detection, response and resilience before attacks escalate.
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
Theo Mabaso will scale AI, strengthen governance and drive competitiveness across Sanlam’s financial services operations.
AI accelerates the testing of expanded, customised systems, especially in industries like banking, says Stephen Platten, principal consultant at Inspired Testing.
Pundits see the currency as a safe haven as its holds its own amid the Middle Eastern war.
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
Happy Pay raises $5 million (R86 million) in seed funding to scale its ad-subsidised payments network.
It will evolve into a super app by integrating banking, insurance, health, travel and investments into a unified digital platform.
If a company only sees its financial data days or weeks later, it cannot react quickly to problems or opportunities, says Netesh Maharajh, director of ALNET Technologies.
The rise of finfluencers is a double-edged sword – representing unprecedented opportunities and challenges for the financial sector.
The Conduct of Financial Institutions Bill is poised to simplify fragmented regulation, while enabling innovation and encouraging firms to integrate AI responsibly.
