Category: <span>Banking</span>

Shoprite Expands Payment Flexibility With PayJustNow BNPL Voucher Option. Shoprite Group customers can now use PayJustNow’s buy now, pay later payment options to purchase vouchers and split payments into instalments over periods ranging from three to 12 months. The announcement comes as South African households experience increased financial pressure at the beginning of the year,...

Mastercard and AXIAN Group landmark strategic collaboration will launch a suite of digital payment solutions across Tanzania, Madagascar, Togo, Comoros and Senegal. This collaboration introduces virtual and physical cards, and merchant solutions under AXIAN’s Mixx and MVola brands, giving millions of consumers, SME and entrepreneurs the ability to pay and get paid securely and seamlessly...

Nedbank Group announced that it has reached an agreement to sell its 21.2% shareholding in Ecobank Transnational Incorporated (ETI) to Bosquet Investments Limited (Bosquet Investments) for a purchase consideration of US$100 million (approximately ZAR1.8bn). This follows the banks strategic review of the group’s financial investment ETI, which as from 30 June 2025, was classified as...

KPay Group, a one-stop financial management and business operations platform, now enables its Hong Kong merchants to seamlessly and securely accept in-person contactless payments with Tap to Pay on iPhone. Tap to Pay on iPhone enables businesses to accept all forms of contactless payments, including contactless credit and debit cards, Apple Pay, and other digital wallets, using...

Visa, a global leader in digital payments, today announced the expansion of its stablecoin settlement capabilities across the Central and Eastern Europe, Middle East and Africa region (CEMEA) through a partnership with Aquanow, a global digital assets platform expert in liquidity and infrastructure solutions. The integration of Aquanow’s digital asset infrastructure with Visa’s world-class technology...

Kazang, the prepaid value-added services (VAS) and card acquiring business within JSE-listed fintech Lesaka Technologies, has partnered with South Africa’s leading digital bank, TymeBank, to provide flexible working capital advances to licensed taverns and liquor outlets that use the Kazang point of sale (POS) devices.  Kazang Capital, in partnership with TymeBank, provides instant business funding...

Citi Hong Kong recently welcomed Head of Wealth Andy Sieg to Hong Kong, once again reaffirming its commitment to Asia’s burgeoning wealth management market and its role in supporting Citi’s growth strategy in Hong Kong and beyond. The visit to Hong Kong is timed to coincide with two key milestones: the 15th anniversary of Citigold Private...

South Africa’s largest clothing and mobile-phone retailer, Pepkor, is preparing to enter the banking sector by opening branches inside its existing network of more than 6,000 stores across the country, offering transactional accounts with no monthly fees to attract lower-income customers. The move would position the discount chain as a direct competitor to Capitec Bank,...

Standard Bank, Africa’s biggest lender by assets, has officially inaugurated its new representative office in Cairo, marking a strategic push to harness burgeoning trade and investment flows between the Middle East and the continent. Senior executives, including group chief executive Sim Tshabalala, head of African regions and offshore Lungisa Fuzile, and corporate and investment banking...

Old Mutual’s OM Bank has amassed over 140,000 active customers since it began testing its mobile app earlier this year, and is adding around 5,000 new users each day. South Africa’s newest bank is targeting people earning between R8,000 and R80,000 per month. That is the same as the majority of Capitec’s user base, South...