The capital raised will fund and grow TymeBank in SA and also fund GOTyme in the Philippines, where it has secured a digital bank licence.
Local fintech firm Tutuka and Paymentology merge to establish a global payments and cards processor, spanning 49 countries and five continents.
Almost 8% of analysed financial transactions conducted during the Black Friday/Cyber Monday period were potentially fraudulent, says TransUnion.
Critical consultations on the potential acquisition of Sentech by Broadband Infraco are under way, says the comms ministry, as it looks to accelerate the merger.
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.
Tech and innovation are the cornerstone of success at Ithuba, says CEO Charmaine Mabuza, one of the most influential women in the global gaming industry.
Crucial skills that will create the bank of the future are those focused on shaping marketplace banking models for digital citizens.
Sixty percent of mainly small and medium-sized firms say they have been “grossly impacted” by the lockdown, with the remainder giving a more bullish assessment.
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 company proceeds with the listing of its 22.4 billion ordinary shares on the Uganda Securities Exchange, with trading commencing immediately.
The regulator maintains an auction is the most competitive and transparent mechanism to license high-demand spectrum.
The broadband infrastructure company will increase its budget for services and local products from women-owned companies.
In light of the country’s unemployment woes, politicians and analysts are in agreement that spectrum allocation and digital migration will enable economic growth.
The companies take the US tech giants to the Competition Commission, looking to be compensated fairly and equitably for journalistic efforts.