Category: <span>Banking</span>

TymeBank will rebrand to GoTyme in the first half of 2026, marking a significant evolution in the bank’s brand identity and market positioning. The rebrand will align the South African bank with GoTymeBank in the Philippines, creating a unified international identity under the broader Tyme Group. This move strengthens the group’s global brand coherence and...

Thousands of customers rely on PaySpace, the innovative, cloud-native South African payroll and HR platform. Global payroll services giant Deel acquired PaySpace in mid-2024 for an undisclosed amount, which rebranded to Deel Local Payroll. Why is this acquisition a significant moment for payroll and HR, and what does the change mean for Deel Local Payroll’s...

Many organisations don’t realise they are victims of payroll fraud. How do they find out? Johannesburg, 23 September 2025; The damage caused by payroll fraud and ghost employees is often catastrophic: large sums lost and additional spending in investigations and prosecutions. In many cases, the companies forgo legal actions and fire the fraudster, who often moves...

Capitec has achieved what many thought impossible. Once a small microlender, it has now become South Africa’s most valuable bank, surpassing FirstRand in market value. The Stellenbosch-based bank reached a market capitalisation of R424 billion on Tuesday, R4 billion higher than FirstRand’s valuation. Since listing on the Johannesburg Stock Exchange in the early 2000s, Capitec’s...

Early access to earned wages helps employees without raising employer overheads.  Times are hard for many South Africans. Living costs are rising faster than salaries, leading many households to rely on credit to meet their financial needs. According to Finmark Trust, 75% of adults who borrowed in 2024 used the credit for essentials like food. This...

Kazang, a fintech company that focuses on prepaid value-added services (VAS) and payments solutions for informal merchants, has launched Kazang Pulse, the faster, tougher and smarter new version of its point of sale (POS) device. Kazang Pulse is an all-in-one solution that helps micro-merchants grow their business from the ground up. Kazang Pulse is designed for...

Nearly a decade ago, the Department of Home Affairs (DHA) began partnering with banks to deliver Smart ID and passport services to South Africans. First National Bank (FNB) piloted the program, followed by Capitec, Standard Bank, and now Absa. Initially, these in-branch facilities appeared to simply replicate Home Affairs’ systems and equipment. However, over time,...

Legal Remit announced a strategic partnership today with MoneyGram, a leading global payments network for consumers, businesses and communities. Through this partnership, MoneyGram’s network now enables users of Legal Remit to send international money transfers to over 200 countries and territories via the Legal Remit mobile app or online.  Legal Remit is a fully owned subsidiary...

Lesaka Technologies, Inc announced that its wholly-owned subsidiary, Lesaka Technologies Proprietary Limited, has entered into an agreement to acquire (directly and indirectly) 100% of the issued ordinary shares of Bank Zero Mutual Bank (“Bank Zero”). The acquisition consideration will be settled through a combination of newly issued shares – such that the shareholders of Bank...

To take your company forward, put your payroll in the cloud. Digitally empowered financial teams are helping their companies accomplish more. Over three-quarters of executives polled by KPMG said their finance teams are using predictive analytics, 75% are using workflow automation, and an overwhelming 89% use the cloud for financial reporting. However, there is one area of...