Optasia sees formal banking as a massive growth opportunity as microfinancing overtakes its airtime advance business.
Browsing: Financial services
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.
Altron FinTech index shows South African household recovery is under way but remains fragile.
FNB is revamping its eWallet service and adding a WhatsApp channel to bring more users into the formal banking system.
Weaver Fintech’s revenue has jumped as its fast-growing fintech arm eclipses the retail business it was built on.