Category: <span>Banking</span>

South Africa’s largest bank by customers has officially changed its name from Capitec Bank Holdings to Capitec Limited. The resolution for this name change was approved by shareholders at the bank’s Annual General Meeting (AGM) on Friday, 31 July 2026. It has been filed with the Companies and Intellectual Property Commission, and Capitec has received...

Flutterwave, Africa’s most valuable fintech company, is in the process of acquiring a bank in East Africa, Chief Executive and co-founder Olugbenga Agboola said, as the Nigerian payments company accelerates its expansion into banking services. “We are currently acquiring another bank, in another country,” Agboola said. He did not disclose the identity of the target institution...

JSE-listed fintech group Lesaka Technologies, Inc. (Nasdaq: LSAK; JSE: LSK) is consolidating its merchant-focused businesses under the name of Lesaka. The new brand signals how Lesaka has brought together leading fintech companies into a single platform that mirrors how merchants run their businesses.  The move follows Lesaka acquiring the Connect Group in 2021 and Adumo...

The London Stock Exchange will open a new venue outside of its regular market hours in a move to offer “near-continuous trading” in the working week. The new offering, which will be called LSE 24, will operate from 5 p.m. until 7:50 a.m. in London and is expected to be ready for client testing by...

9Pay Joint Stock Company has officially established a direct connection with Visa through CyberSource, a global payment processing platform within the Visa ecosystem. This strategic move positions 9Pay as one of the few payment intermediaries in Vietnam to possess card infrastructure capabilities equivalent to international operating standards. The combination of Visa’s global network and 9Pay’s domestic processing...

SOTRU Identity and Communications (Pty) Ltd, a South African verification and secure communication platform, launches in the market to tackle a fraud problem that traditional KYC and KYB checks were never built to solve: impersonation and payment fraud that happens after a supplier has been verified. Business email compromise hit 63% of organisations globally in...

Africa Finance Corporation (AFC), the continent’s leading infrastructure solutions provider, today announced that its Board has approved a commitment of up to US$100 million to invest in Africa-focused technology fund managers. The launch comes at a pivotal moment for Africa. The continent’s digital economy is projected to contribute over US$700 billion to GDP by 2050,...

As organisations across Africa intensify their focus on financial discipline, cost optimisation, and governance, a critical vulnerability is becoming increasingly apparent: the lack of accurate, real-time visibility into IT assets such as laptops, desktops, and distributed computing equipment. In many African organisations, assets are deployed across cities, regions, and in some cases countries often without...

The IMF put out its biggest report of the year. The message was blunt. The world economy is losing speed. And the Iran war is making it worse. The fund cut its 2026 global growth call to 3.1%. Back in January, it had said 3.3%. That’s a drop of 0.2 points. It may sound small....

As part of its strategy to lead in digital wealth, Citi is leveraging fintech to enhance its client value proposition. Citi is committed to driving Hong Kong’s fintech ecosystem by playing a unique role as both a strategic investor and a collaborator. This approach is exemplified by our partnership with Endowus, a leading digital wealth...