Articles about financial inclusion

ITWeb TV: Cash dominates payments despite digital rise

SA’s “two-speed” payments system sees digital transactions expand in the formal sector, as cash continues to dominate informal commerce.

Fintech turns standout performer for Pepkor

JSE-listed retailer Pepkor’s fintech segment increased revenue by 31.1% and operating profit by 52.3% to R2.2 billion.

MTN MoMo expands partnership with Mastercard

The enhanced collaboration introduces the ability for users to top up their MoMo Wallet using debit and credit cards.

SA’s minibus taxi industry accelerates e-mobility drive

The industry increasingly advances towards digital and greener solutions to gain greater efficiency, while increasing financial inclusion and safety for commuters.

TransUnion makes minority investment in fintech firm

The credit bureau invests in Omnisient to boost financial inclusion in Africa using data and privacy-preserving analytics technology.

Telco-powered credit score aims to add millions to formal economy

Bringing another 16 million South Africans into the formal economy could add R173 billion to SA’s gross domestic product, says TransUnion.

Crypto exchange Afridax taps Zulu in expansion drive

The platform now allows users to navigate, complete transactions, and view relevant information in Zulu.

Berexia and IBA Group announce fintech partnership

The strategic partnership aims to accelerate innovation and deliver high-impact financial technologies across African countries and internationally.

The role of AI in financial inclusion

While mobile technology brought financial services closer to the unbanked, AI holds the power to make them truly inclusive.

MTN digitises payments for underserved with MoMo Pay

The digital payment solution aims to unlock financial opportunities for informal merchants, while bridging the financial inclusion gap.

Lesaka says SARB's regulatory shift will drive fintech growth

The company anticipates the South African Reserve Bank’s mooted move to open the payments market to non-banking players.

Second time lucky for MTN MoMo in SA

MTN Mobile Money reaches 13 million registered users in South Africa, as it continues to expand financial accessibility.