Lesaka Southern Africa CEO Lincoln Mali says merchant division growth will return only in the second half of FY2027.
Browsing: Financial services
The banks no longer govern the payment system through a body of their own. A second, larger wave of change is already moving.
The digital bank’s first full-year profit of R370-million comes as Discovery ramps up its bet on AI.
Discovery is paying up to R958-million for Icario, a US member-engagement firm serving government health plans.
Reserve Bank governor Lesetja Kganyago signals a payments bill that will treat fintechs like banks on like activities.
The banks cannot reach South Africa’s R197-billion informal retail market. Three other contenders think they can.
Bank robberies fell to just two incidents in 2025 while digital banking claims climbed to R2.4-billion.
South Africans are increasingly being targeted by AI-generated fraudsters who sound just like bank employees.
Standard Bank Group’s banking IT costs grew just 2%, but cloud spending surged 37% as amortisation fell away.
Smart ring start-up VezoPay has doubled its banking partners, and expects to have signed up five banks by year-end.