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Discover all the payments and fintech-related news and analysis about South Africa in The Paypers News, Reports, along with other South Africa-specific insights on the payments and fintech industry:

Discover all the payments and fintech-related news and analysis about South Africa in The Paypers News, Reports, along with other

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Happy Pay secures USD 1.8 million in pre-seed funding

News | Online & Mobile Banking | 20 Sep 2024

Happy Pay, a fintech company offering BNPL services, has declared that it has raised USD 1.8 million in pre-seed funding.

fintech, financial institutions, financial data, banking, data analytics

SARB to release national payments system for fintech companies

News | Payments General | 13 Dec 2024

The South African Reserve Bank (SARB) has announced its intention to include non-banks as participants in the region’s national clearing and settlements system. 

fintech, financial services, financial inclusion, banks, regulation

Mastercard partners with Paymentology to drive financial inclusion in South Africa

News | Payments General | 17 Mar 2025

Mastercard has announced its partnership with Paymentology in order to drive financial inclusion for customers and businesses in South Africa.

partnership, payments , financial inclusion, ecommerce

MTN South Africa to provide PayShap

News | Mobile Payments | 29 Apr 2024

Telecommunication operator MTN South Africa has entered a collaboration with Investec and Electrum to provide PayShap on its MTN Mobile Money (MoMo) platform. 

partnership, financial services, financial inclusion, mobile payments, digital payments

Happy Pay and Peach Payments join forces to scale BNPL in South Africa

News | Payments General | 14 Apr 2025

Fintech company Happy Pay has entered into a strategic collaboration with Peach Payments to extend the South African BNPL ecosystem. 

partnership, BNPL, payment methods, instalment payments, online payments, merchants

Nedbank and Synthesis to enable contactless payments on smartphones

News | Mobile Payments | 25 Aug 2023

South Africa-based bank, Nedbank, has integrated with Synthesis, an AWS Advanced Consulting Partner, to develop a software-based point-of-sale system.

SoftPOS, retail, mobile payments, NFC, partnership

Virtual cards now more utilised across South Africa

News | Payments General | 22 Apr 2025

A new survey from Visa and Discovery Bank has highlighted an increase in virtual card usage among South African consumers, with the surge driven by safety and convenience. 

virtual card, digital wallet, survey, digital payments, cash, payment methods

Stitch raises USD 25 million in Series A extension

News | Online & Mobile Banking | 04 Oct 2023

South Africa-based payments and data API fintech Stitch has raised USD 25 million in Series A extension funding round, in order to accelerate its development process.

funding, investment, mobile banking, online banking, digital payments, financial services, financial institutions

Xion Global taps G+D to launch a new financial solution

News | Cryptocurrencies | 23 Nov 2023

South Africa-based Xion Global has launched a new financial solution by leveraging technology from Giesecke+Devrient (G+D).

partnership, product launch, web3, financial services

Scan to Pay launches new voucher solution for consumers

News | Mobile Payments | 04 Dec 2023

South Africa-based fintech Scan to Pay has launched a new voucher system, allowing South Africans to buy and share Scan to Pay vouchers directly via the app.

QR payments, fintech, mobile payments, online shopping, product launch

South African mobile operators combat fraud with GSMA initiative

News | Digital Identity, Security & Online Fraud | 23 Feb 2024

Telecommunications operators Cell C, MTN, and Telkom have welcomed the launch of two universal APIs available in South Arica that combat fraud and digital identity theft.

API, fraud prevention, digital identity, cybercrime, cybersecurity

SA startup Open Access Energy raises funding of ZAR 13.6 mln

News | Online & Mobile Banking | 15 Aug 2024

South-Africa based startup and software company focused on optimising energy transactions, Open Access Energy, has raised ZAR 13.6 million (approximately USD 752,000) in seed funding from investment company Factor E Ventures.

 

banking, green finance, sustainability , funding, trade finance, banktech, green trading

Mama Money partners with Access Bank and Paymentology

News | Online & Mobile Banking | 24 Jun 2024

Mama Money has partnered with Access Bank and Paymentology to launch a new bank card service with the use of WhatsApp banking.  

partnership, payments , mobile payments, financial services, financial inclusion

Paycorp acquires Pilot Software

News | Payments General | 04 Feb 2025

Paycorp, a global payments provider, has acquired Pilot Software, which specialises in software and hardware solutions for the hospitality industry.

payments , ecommerce, acquisition, partnership, financial institutions

Mastercard partners with Onafriq

News | Payments General | 17 Apr 2024

Mastercard has partnered with pan-African payments provider Onafriq to provide payment solutions to consumers and SMEs in Africa.

partnership, payments , SMEs, cross-border payments

Stitch obtains USD 55 million in funding round

News | Payments General | 15 Apr 2025

South African fintech Stitch has obtained USD 55 million in funding, aiming to leverage the capital to optimise its payment solutions for businesses across the region. 

funding, investment, fintech, online payments, digital payments, financial services

Mastercard launches real-time card payments in South Africa

News | Payments General | 10 Oct 2024

Mastercard has announced that South Africa will be the first market globally to benefit from immediate card payments, enabling acquiring banks to process transactions in real-time.

real-time payments, expansion, banks, transactions , partnership

Binance enforces new crypto transfer rules in South Africa

News | Cryptocurrencies | 25 Apr 2025

Binance has plans to implement new compliance measures for South African users, requiring sender and receiver info for all crypto deposits and withdrawals.

crypto, digital assets, regulation, transactions , cryptocurrency exchange

FinMont partners with Payfast by Network for optimised travel payments

News | Payments General | 25 Mar 2025

FinMont has announced its partnership with Payfast by Network in order to offer enhanced payment solutions to travel merchants and businesses.

partnership, payments , travel payments, ecommerce

BankservAfrica becomes Union Pay International card processor

News | Cards | 08 Dec 2023

Largest automated payments clearing house in Africa, BankservAfrica, has been appointed by Union Pay International (UPI) as the domestic processor to fast-track affordable and accessible card payments in South Africa.

partnership, digital payments, credit card, debit card, ATM, POS, compliance, regulation, payment processor, payment processing, digitalisation, financial inclusion, interchange fee, payments infrastructure