GoTyme Bank migrates customers to its new app, as it discontinues its legacy digital banking platforms as part of a new strategy.
AI fuels SA's venture capital boom, e-hailing shake-up & more | Tech Headlines | 20–25 July 2026
These are the stories making headlines on ITWeb this week. South Africa's venture capital sector is entering a new maturation phase, with artificial intelligence emerging as the next major catalyst for deals — a new study finds the local industry has deployed over R16 billion across more than 1 100 companies in the past decade, with fintech driving roughly half of all successful exits.
Africa's stablecoin revolution, ACSA's R825m tech bet & more | ITWeb Tech Headlines
These are the stories making headlines on ITWeb this week. Visa says African nations are on the cusp of a stablecoin revolution, with dollar-pegged digital currencies tipped to transform the continent's financial ecosystem — particularly for countries facing foreign currency shortages — as Nigeria and South Africa lead adoption. Meanwhile, the Airports Company South Africa has invested R825 million in technology.
Stablecoins will have a transformational outcome for Africa’s financial services ecosystem, says Visa’s Michael Berner.
ITWeb OTR: Agentic commerce boom
Visa’s Michael Berner, group country manager of Southern and Eastern Africa, outlines the future of stablecoins, digital payments, financial inclusion and how AI is fueling the rise of agentic commerce. #visa #agenticai
The company confirms its expansion into the UK, backed by the UK government’s global entrepreneur programme.
The firm expands how smartphones can accept and send digital payments for small businesses in the CEMEA region.
About 60% to 70% of online transactions on the Visa network happen via tokenisation technology, reveals the company.
The near- to medium-term will see AI assistants shop on consumers’ behalf, says Visa group president Oliver Jenkyn.
Crypto executives warn proposed exchange control rules will lock SA businesses out of a global stablecoin-powered payments system.
Consumers embrace AI-assisted shopping, but the buck stops when the agent is expected to finalise a commercial transaction.
For the first time in the loyalty programme’s history, FNB customers spent more rewards than they earned.
South Africans increasingly adopt ride-hailing, as convenience and costs reshape mobility choices in major cities.
As global card networks like Mastercard and Visa tighten 3DS rules, SA merchants are urged to share rich data with issuers to enhance security and reduce friction.
AI is becoming central to how South Africans shop, reinforcing a shift toward strategic spending, says SpendTrend26.