Category: <span>Banking</span>

Payfast an online payments solutions has partnered with Tymebank, the South African newly established digital bank to announce the addition of a Buy Now Pay Later (BNPL) payment option to PayFast with MoreTyme by TymeBank. Both entities reports, with this launch, businesses using PayFast as their payment gateway now have the ability to let their customers pay for their purchases in...

Bank Zero has announced that it is now fully open for business, anyone is welcome to do business with the newly established digital bank. Bank Zero App is freely available in the App Store and in the Google Play Store. The bank promised all potential customers that their accounts and transactions fees will remain exactly...

Conversational AI and payment processing combine to smooth payments and collections South Africa’s leading payment solutions provider, Pay@, has today announced its partnership with FinChatBot, a global technology company specialising in conversational Artificial Intelligence (AI) solutions. Together, they are developing a first of its kind payment solution for the South African market that will launch in the last...

Nigerian fintech startup Mono has raised $15 million series A round. The company helps to connect consumers bank accounts to financial applications.  The seed round is led by Tiger Global, one of the venture capital’s third major investment in the African continent after FairMoney and Flutterwave.  According Abdulhamid Hassan co-founder and CEO said first is, DirectPay,...

When Wall Street veterans gathered this week for one of their first in-person conferences since the pandemic began, the focus, on emerging issues from “meme stocks,” to cryptocurrencies and free trading apps, signaled a new era for the world of finance. More than 460 finance executives, regulators and politicians met in Washington, with another 800...

Johannesburg 5 October 2021 – TymeBank, one of the world’s fastest-growing digital banks, is pleased to announce it has entered into a strategic partnership with leading retail giant TFG (The Foschini Group) that will see the introduction of TymeBank financial products and services both in store and on digital platforms for the benefit of TFG’s more...

Virgin Money to Closes 31 of its Branches as the majority of its clients move into online banking  Richard Branson’s Virgin Money UK plans to close almost one 31 of 162 branches in the coming months as more customers shift to online banking.  The British bank said the latest lender to cut back its high-street...

Mastercard launched a buy now, pay later service, tapping into a market that is threatening to chip away at the dominance of credit cards as a main source of payments. The buy now, pay later sector was fast tracked during the COVID-19 pandemic as cash-strapped shoppers were attracted to the service due to the ease...

The Western Cape government opened its first stock exchange, Cape Town Sock Exchange to help companies in mother city and the rest of African continent to raise capital and trade among themselves. The newly established Cape Town Stock Exchange opened on Thursday pledging to lure firms from across the continent with listing costs that are...

Nedbank Group chairman Vassi Naidoo has died on Wednesday, said the banking group. According to the bank Mr. Naidoo had been on leave from his position at Nedbank since January, when the bank announced he was focusing on treatment he was receiving for a medical condition. Nedbank said his condition was not related to Covid-19...