African Rainbow Capital will acquire 37% of fintech firm Crossfin through a consortium, for R600 million, in a combination of acquisitive and growth capital.
The firm says the fund is on track to be fully invested by 2022, investing in six tech companies to date, with a further four in the immediate pipeline.
First National Bank and RMB Private Bank integrate Zapper into their apps, to enable customers to use the scan-to-pay feature at Zapper-enabled merchants.
Altron believes its FinTech ACS Smart Kiosk will become an essential card issuance device that addresses the fast-changing needs of consumers.
The cash-out functionality adds to the existing MoMo suite of saving, sending and receiving money, paying bills and buying prepaid services.
The big-four banks anticipate a significant uptick in Black Friday digital transactions, as the easing of lockdown improves the country’s GDP rate.
E-commerce revenue grew 52% to $4.6 billion, versus a strong performance for the same period last year, outpacing revenue growth at Tencent last year.
Developing more innovative payment methods in isolation is not enough, says Johan Gellatly, MD of Altron FinTech.
Arch Retail Systems, a supplier of integrated retail management solutions in Southern Africa, offers a loyalty solution, integrated with Arch Retail (in-store solution).
The SA Post Office promises its mobile-driven service will launch soon, as it outlines its plans to provide modern postal facilities.
Mastercard and PayFast partner to host a free virtual masterclass for SA SMEs, with entrepreneur Vusi Thembekwayo among the headline speakers.
First National Bank adds several functions to its smart nav» tools, including making it possible for consumers to buy and sell vehicles to their peers.