The fintech group extends its Bank Zero acquisition deadline to January, pending outstanding regulatory approvals.
Global card issuer-processor Paymentology and Bank Zero partner to deliver digital banking and financial services in SA.
The digital bank accelerates client acquisition, as it deepens its footprint in an increasingly competitive retail banking market.
Tech giants spent trillions securing AI capabilities in 2025, while SA saw major telco consolidation and fintech IPOs reshape the local landscape.
The deal will combine Lesaka’s reach with Bank Zero’s tech and expertise for greater financial inclusion, says Lesaka CEO Lincoln Mali.
ITWeb TV: Why Lesaka Technologies is buying Bank Zero | Ep #126
In this episode of ITWeb TV, Lincoln Mali, CEO of Lesaka Southern Africa, talks about how the company grew from a struggling operation to a fintech powerhouse, and how its acquisition of Bank Zero will unlock new digital banking opportunities for customers.
The regulatory authorisations clear Lesaka’s Bank Zero acquisition and Vodacom’s 30% stake purchase in fibre group Maziv.
The Competition Commission believes the transaction is unlikely to substantially lessen or prevent competition in any market.
Cash remains the dominant payment method in South Africa, although digital alternatives are gaining ground.
The fintech group delivers robust first quarter growth, driven by momentum in its consumer, merchant and enterprise businesses.
The fintech group delivers strong top-line and operational growth despite widening losses as it looks to conclude the Bank Zero deal in 2026.
The fintech group agrees to a transaction consideration of up to R1.1 billion for the acquisition of the South African digital bank.
After 40% year-on-year customer growth, the digital-only financial player aims to gain 100 000 new clients and expects to break even by 2027.
R1bn UK investment to create skilled SA cohort of researchers
In this week's tech news roundup, South Africa and the UK are enhancing their scientific collaboration, with the UK announcing a R1 billion investment to establish the International Science Partnership Fund. Stay informed and engaged with our comprehensive coverage of these stories and more on our website, www.itweb.co.za and social media platforms. Discover the latest advancements shaping the future of technology by ITWeb. #newsvideo #mtn #investment News Links: https://www.itweb.co.za/article/bolt-to-suspend-drivers-who-solicit-offline-trips/P3gQ2MGAWzwvnRD1 https://www.itweb.co.za/article/bank-zero-increasingly-gains-primary-bank-account-status/WnxpEv4YKJ27V8XL https://www.itweb.co.za/article/thabi-leoka-quits-mtn-board-amid-phd-storm/KA3WwMdzW5NvrydZ https://www.itweb.co.za/article/itweb-tv-idc-predicts-surge-in-sas-cloud-spend-in-2024/WnpNgM21o8A7VrGd https://www.itweb.co.za/article/r1bn-uk-investment-to-create-skilled-sa-cohort-of-researchers/j5alr7QA4dy7pYQk