The short-term loan facility, Qwikloan, enables MoMo users to obtain loans on their mobile phones, ranging from R250 to R10 000.
The telco signs deal with Mastercard for an investment of up to R3.8 billion into MTN Group Fintech at a valuation of R99 billion.
The competition watchdog asks Frogfoot and Vox to provide confidential documents related to the proposed deal between Maziv and Vodacom.
The Pretoria High Court reinstates sacked directors while suspending the interim board of directors appointed on 21 July.
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.
The board concludes that the proposed offer price of R105 in cash significantly undervalues the group and its future prospects.
Low wages, the economic downturn and unfair treatment increasingly impact platform worker welfare in SA, says the Fairwork project.
The National Student Financial Aid Scheme kicks-off online applications for its loan scheme for “missing middle” learners.
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 contactless payment tool, which underwent maintenance this week, will no longer be supported from April, says First National Bank.
Vodacom Group, including Safaricom, hits 200 million customers for the first time, with quarterly revenue increasing 26.8% to R38.9 billion.
The local fintech start-up reports strong demand for its digital wallet, with its user numbers growing 100% year-on-year.
It is crucial for fintech companies to spend time building access, educating customers and demonstrating reliability.
Canal+ anticipates its offer for MultiChoice, which is seeing dwindling revenue, to be a cash consideration of R105 per ordinary share.