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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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Thumbzup, First Distribution partner to process card transactions in Azure

News | Cards | 05 May 2020

South-Africa based PSP Thumbzup and cloud service distributor First Distribution have joined hands to start processing card transactions in Microsoft’s Azure Cloud.

Thumbzup, First Distribution, Microsoft, Azure cloud, PSP, card transaction processing, PCI DSS, PCI-PIN, P2PE, machine learning

Ukheshe launches certification-free Tap-to-Pay payment

News | Mobile Payments | 06 Jun 2022

South Africa-based digital-first financial services enabler Ukheshe has launched its first Tap-to-Pay phone payment solution that doesn’t require certifications.

Tap-to-Pay, mobile payments, mobile money, transactions , online payments, contactless payments, payment methods, digital payments

Hellopay, Mastercard partner to launch mobile POS solution in South Africa

News | Online Payments | 04 Mar 2021

South Africa-based payments facilitator Hellopay has announced a partnership with Mastercard to launch a mobile POS solution, enabling contactless payments acceptance on NFC-enabled Android devices.

helloPay, Mastercard, mPOS, online payments

Apple Pay now available at Standard Bank

News | Mobile Payments | 13 Dec 2021

Standard Bank, one of the largest bank groups in Africa, has introduced Apple Pay as an alternative payment method for its clients in South Africa.

online bank, Apple, Apple Pay, mobile payments, contactless payments, digitalisation, digital wallet

FNB launches two solutions for SMEs

News | Online & Mobile Banking | 08 Oct 2021

First National Bank (FNB) has announced it will expand its payment ecosystem with two Small and Mid-sized enterprise (SME) solutions: the FNB WebStore and FNB Android Speedpoint.

product launch, SMEs, digitalisation, banks

South Africa rolls out second CBDC trial

News | Cryptocurrencies | 17 Feb 2021

South Africa has announced Project Khokha 2 to explore the use of both a wholesale central bank digital currency (CBDC) and a wholesale settlement token, for interbank use.

Project Khokha, CBDC, blockchain, Corda, R3, stablecoin, Token

Ozow launches new payment tools in South Africa

News | Mobile Payments | 10 Sep 2020

South Africa-based digital payments company Ozow has launched a series of new payment platforms to simplify payments for consumers and merchants.

Ozow, Ozow PIN, EFT payments, Ozow Revolution, online payments, South Africa, QR payments, Africa, mobile payments

Synthesis launches tap-on-phone contactless payment solution

News | Mobile Payments | 26 Jan 2021

South Africa-based software and consulting company Synthesis has announced the launch of Halo, a tap-on-phone contactless payment solution. 

Synthesis, product launch, South Africa, Africa, contactless payments, tap-on-phone, card payments, online payments, merchants, Nedbank, Visa and MasterCard

South Africa-based Mama Money grows 500% during the pandemic

News | Payments General | 16 Feb 2021

South Africa-based money transfer fintech company Mama Money has observed growth of over 500% in volumes during 2020, according to the official press release. 

South Africa, Mama Money, fintech, cross-border payments, money transfer, remittance

DMP SA launches Compliance-as-a-Service offering

News | Digital Identity, Security & Online Fraud | 18 Oct 2021

South Africa-based data management company DMP SA has launched a Compliance-as-a-Service (Caas) solution to help businesses comply with the Protection of Personal Information Act.

data analytics, data protection, compliance, financial data, product launch

Payflex expands BNPL service to South Africa

News | Ecommerce | 10 Mar 2021

Payflex has announced that it has expanded its buy-now-pay-later service to South Africa.

Payflex, BNPL

South Africa-based Akiba Digital raises USD 1.1 mln funding

News | Online & Mobile Banking | 19 Jul 2021

Fintech startup Akiba Digital has raised over USD 1.1 million in pre-seed funding to help it grow its market share, according to disrupt-africa.com.

fintech, startup, lending, credit scoring, Open Banking

Yoco offers online payment solutions for small business

News | Online Payments | 01 Jun 2022

South Africa-based payments company Yoco has delivered a selection of online payment solutions that fits in context of any small business.

online shopping, ecommerce, product launch, merchant, SMEs

Entersekt adds BankID to its platform to support digital identity priorities

News | Digital Identity, Security & Online Fraud | 31 Aug 2021

South Africa-based device identity and customer identification provider Entersekt has partnered with BankID to provide Norwegian banks with secure in-app and browser authentication.

partnership, online authentication, digital identity, KYC, AML

Zip acquires BNPL fintech Payflex to boost instalment payments in Africa

News | Online Payments | 01 Sep 2021

Digital retail finance platform Zip has announced its intention to fully acquire South Africa-based Buy Now, Pay Later (BNPL) fintech Payflex as part of its global expansion plans. 

acquisition, BNPL, online payments, Visa, Mastercard

Payment24, Mastercard to offer secure payments for fleet operators

News | Digital Identity, Security & Online Fraud | 12 Nov 2020

Mastercard has announced a partnership with South Africa-based fuel payment fintech Payment24, to help fleet management companies streamline payments and prevent fraud.

Payment24, MasterCard, partnership, fraud prevention, secure transaction, fleet operator payments, fuel payments, online payments, card payments, fleet management, South Africa, Africa

Rand Merchant Investments/AlphaCode exits investment in Luno

News | Cryptocurrencies | 10 Sep 2020

Rand Merchant Investments (RMI), through its fintech investment arm, AlphaCode has exited its investment in Luno. 

Luno, cryptocurrency, Digital Currency Group, investment, fintech, AlphaCode, RMI

IFC, Absa Bank partner for Africa certified green loan

News | Online & Mobile Banking | 06 May 2021

South Africa-based Absa Bank and US-based IFC, a member of the World Bank Group, have announced Africa’s first certified green loan.

partnership, funding, green finance, banks

Payflex and Merchant Capital to offer BNPL to small retailers

News | Online Payments | 02 Mar 2022

South Africa-based BNPL provider Payflex has partnered with alternative lender Merchant Capital to launch a cash advance service for South Africa’s SMEs.

BNPL, Payflex, merchants, SMEs, instalment payments, online payments

Zapper enables faster transaction through tap-on-phone feature

News | Mobile Payments | 04 May 2022

South Africa-based fintech and mobile payment platform Zapper has launched its Tap-To-Phone payment function for Android users.

Tap-to-Pay, NFC, Android, POS, mPOS, digital payments, mobile payments, payment processing