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.
Two years after pulling the plug on its Mobile Money service in South Africa, MTN Group plans to relaunch the service in South Africa, according to sources close to the matter.
Zimbabwe expects to raise $700-million a year from a new tax on money transfers that triggered panic buying of goods from fuel to sugar and sent its quasi-currency plunging.
Automating the claims process would benefit both the insurer and the insured. It is already possible, and it seems likely that things will move quickly in this direction.
South African insurance technology company Click2Sure, founded by former Naspers executives, said on Wednesday that it has secured funding from Nasdaq-listed Greenlight Capital Re.
In this episode of the podcast, Duncan McLeod interviews Shaun Dippnall, co-founder of the Explore Data Science Academy, on the launch of Explore 10X, a programme to develop new fintech businesses in South Africa.
South Africa will strive to allow competition into its banking system in a way that won’t threaten the stability of the industry as more and more entrants seek to rival the nation’s biggest lenders.