Interswitch, a Nigeria-based payments firm, has hired advisers to resurrect plans for a stock-market listing in London and Lagos later this year, people familiar with the matter said.
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Mastercard has showcased technologies such as augmented reality as part of its work on the future of shopping and payments.
When Walmart paid $16-billion for control of India’s e-commerce pioneer Flipkart Online Services from investors, including Naspers, last year, the US retail giant got a little-noticed digital payments subsidiary as part of the deal.
Naspers’s global fintech company, PayU, is expanding into Southeast Asia with the acquisition of Singapore-based Red Dot Payment.
Since their arrival, regulatory sandboxes have started – though slowly – to appear in areas beyond fintech. South African policy-makers need to pay attention. By Gwen Ngwenya.
Naspers’s PayU agreed to buy Turkish digital payments company Iyzico for R2.4-billion in its biggest fintech acquisition yet.
Naspers wants to spend about $1-billion in India this year as it scours the globe for investments that can replicate its blockbuster bet on China’s Tencent, a person familiar with the matter said.
WorldRemit, a UK company that specialises in money transfers into Africa, plans a new funding round in the next six months ahead of a potential initial public offering or buyout.
First National Bank and a start-up fintech company in South Africa are partnering to connect informal traders in townships with fast-moving consumer goods companies.
South African start-up Jini Guru has launched a smartphone app and QR card to allow users to make micropayments electronically, to a car guard for example, without the need to carry cash.