The digital bank calls for patience as it “slowly and responsibly” migrates its existing customers to the new banking facility.
The JSE-listed ICT products and services provider will acquire 70% of enterprise software company Synerg SA, for R90 million.
The money transfer service allows UK-based firms to securely send money to employees and contractors in 140 countries, including SA.
A rand-backed stablecoin may open an avenue of innovation in the South African payments industry, say industry players.
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.
Infrastructure Asset Financing will provide cash-strapped local businesses with a reprieve when procuring infrastructure and services.
The company will license, implement, train and support Host Analytics' financial planning solutions.
Since the digital newcomers entered the market, the incumbent banks have been slashing their prices one after the other.
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
Iyzico is the third fintech business in the space of two years that Naspers has acquired as it pursues its vision for digital payments.
Insurers must be able to meet the digital needs of their customers to remain relevant, says Sune Ueckermann, operations manager at SilverBridge.
The company has acquired iyzico for $165 million, adding to its over $500 million fintech investments.
South Africa’s newest crypto-currency exchange VALR sees brisk business after rand-Bitcoin trading opens.
The fintech group delivers an almost 20% rise in revenue to just over R607 million, with a 13% decrease in profit.