The relatively new South African stock exchange ZAR X has launched what it’s calling the country’s first distributed settlement system for unit trusts.
MTN South Africa is making “good progress” in its plans to relaunch mobile money services in South Africa, according to group CEO Rob Shuter.
African telecommunications authorities must walk a fine line when it comes to regulating the move of mobile operators into financial services.
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.
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.