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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

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

Momint partners with Shufti Pro for KYC and AML solutions

News | Digital Identity, Security & Online Fraud | 03 May 2023

Blockchain tech company Momint has partnered with AI-powered ID verification solution provider Shufti Pro to better its Know Your Customer (KYC) and anti-money laundering (AML) processes.

partnership, identity verification, digital identity, digital onboarding, KYC, AML, fintech, blockchain, web3, cybersecurity, regulation, compliance, transaction fraud, fraud prevention, AI, artificial intelligence

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

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

Clickatell, Telkom enable WhatsApp payments in South Africa

News | Mobile Payments | 10 Mar 2023

US-based chat commerce company Clickatell has partnered with South Africa-based integrated communication company Telkom to enable mobile messaging payments via WhatsApp.

partnership, payments , mobile payments, WhatsApp, ecommerce, digital payments, mobile money, MasterCard, Visa, Chat 2 Pay, fintech, financial services, digitalisation, customer experience, chat commerce

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

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

Peach Payments and Capitec launch Open Banking solution

News | Online Payments | 03 Mar 2023

Peach Payments has partnered with Capitec to launch Capitec Pay, an Open Banking payment method that allows online shoppers to make secure payments directly from their Capitec Bank account.

Open Banking, Open Finance, partnership, mobile banking

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

Ebury acquires Prime Financial Markets

News | Payments General | 12 Dec 2023

Ebury, a UK-based global financial technology firm, has announced the acquisition of financial services firm Prime Financial Markets based in South Africa.   

acquisition, expansion, banking, financial institutions, cross-border payments

Peach Payments partners with RCS and accepts its cards as a payment method

News | Payments General | 10 Dec 2024

Online payment platform Peach Payments has announced that it now accepts RCS cards as a payment method through its partnership with RCS. 

partnership, product launch, payments , ecommerce

Traderoot and Wemvula join forces

News | Online Payments | 23 Feb 2024

Traderoot and Wemvula have announced a partnership to bring PayedNow instant payment solution to the South African market. 

payment methods, partnership, real-time payments, online security