The transaction with Rapyd enables PayU to focus on the large payments and fintech opportunity in India, says Prosus.
The firm’s revenue was up 3.8% to R10.6 billion in the second quarter, boosted by growth in data consumption and its fibre business.
The firm anticipates an increase in earnings per share of between 10% and 20% (or 45c to 89c) for the six months ended 30 June.
Executive head Mishaya Chettiar details the insurtech start-up’s business model and its plan to expand its operations to India.
LG Premium Service Centre Launch
LG South Africa has launched its premium service centre in Midrand, Johannesburg. The centre aims to make it easy for LG customers to get their LG appliances fixed directly with LG.
Smart analytics broadens the business operations role of financial executives, exposing hidden patterns, risks and new opportunities.
Facebook parent company Meta has launched Threads, a standalone microblogging app that rivals Twitter.
The Ford College Community Challenge sees four teams from local universities win R88 000 each in grant funding.
TymeBank announces Retail Capital buyout
TymeBank has reached an agreement with Retail Capital and its shareholders to acquire 100% of the fintech SME funder’s shares, subject to regulatory approval. #newsvideo #TymeBank #Itinbanking
The local crowd farming platform expands its investment offerings, to allow investors to own a portion of farm land.
The company posts $47 billion in revenue, a 6% decline from the previous quarter, due to reduced smartphone shipments.
FICA requires accountable institutions to identify and verify their clients, as well as identify the beneficial ownership of the client if it is a legal person.
To successfully combat money laundering and financial crime, banks must get to the root cause of how these crimes can go undetected, says iiDENTIFii.
Per record cost of data breaches has increased 20% to R2 750 on average over the last three years, IBM report finds.