Browsing: Financial services

PayShap will only truly work when it reaches critical mass. Three years in, it’s clear it hasn’t done so. Here’s why.

Global mobile money transactions surpassed $2-trillion in 2025, doubling in just four years, with Africa driving the growth.

FirstRand has deepened its bet on AI fintech Optasia, spending R1.48-billion to lift its stake to 26.1%.

Optasia sees formal banking as a massive growth opportunity as microfinancing overtakes its airtime advance business.

A new paper by the Reserve Bank argues that South Africa’s market-driven approach to open banking is limiting in its reach.

Off the grey list, South Africa’s financial institutions must now turn compliance into a growth engine.

Small businesses in Southern Africa need payment systems that simplify operations, not add complexity.

JSE-listed fintech Optasia has smashed its listing guidance, with revenue up 76% and users climbing 43% to 432 million.

Strong growth in Ghana and Uganda has pushed transaction volumes past the half a trillion dollar mark.

Shoprite has agreed to acquire a majority stake in R&A Cellular, targeting the informal retail sector.