The alliance banking deal lets South Africa’s biggest retailer expand its financial services without becoming a bank.
Browsing: Fintech and payments
The combined littlefish and Halo Dot offering is already being deployed in African markets.
OPay pulled its planned $304-million New York listing on Friday, citing an inquiry by an unnamed foreign regulator.
GoTyme Bank says its customers now originate about a quarter of PayShap payments to cellphone numbers.
Nine straight quarters of improvement have been built on cheaper credit, not on jobs, writes Johan Gellatly.
A home affairs credential could spare South Africans repeat payment onboarding, says DIDx’s Lohan Spies.
Telecoms companies, fintechs and retailers will be able to connect directly to the national payments system.
The Reserve Bank wants all of South Africa’s ATMs white-labelled, with free transactions below a threshold, starting with a pilot in January.
Standard Bank will buy as much as 4.99% of Nigeria-focused fintech OPay as it files to list in New York.
Customers switch fintechs without hesitation. A credible insurance partner gives them reasons to stay.