US President Donald Trump has signed an order banning US transactions with eight digital Chinese payment platforms including Ant Group’s Alipay in 45 days, when he’ll no longer be in office.
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Telkom will charge users of its new Telkom Pay wallet, which is built on top of WhatsApp, a flat fee of 2.5% for transactions and card top-ups.
Telkom has launched a digital wallet that allows users to pay others and get paid themselves using their mobile phone and WhatsApp.
Huawei Pay, a payments system for Huawei smartphone users, will be launched in South Africa later this week, the Chinese consumer electronics giant said on Monday.
Fintech start-up Stripe is in talks to raise a new funding round valuing it higher than its last private valuation of US$36-billion, according to people familiar with the matter.
Jeff Bezos has agreed to back Africa-focused financial technology company Chipper Cash, making it his first start-up investment on the continent.
South African fintech player Ukheshe has agreed to buy Oltio from Mastercard, the company that developed the digital payments platform for Masterpass, Mastercard’s QR code payments service.
China’s move to halt Ant Group’s massive stock debut could reduce the fintech giant’s value by as much as $140-billion, according to analysts’ revised estimates.
In this episode of the podcast, Duncan McLeod speaks to Myles Milston, CEO of London-based Globacap Technology, which has received a £4-million investment from the JSE.
The JSE has signed a deal with a company called Globacap Technology to create a blockchain-based private placements platform to allow small and medium-sized firms to raise capital.