Lesaka Technologies is involved in a corporate shake-up, including an internal rationalisation of its operating portfolio.
Browsing: Bank Zero
The Competition Commission has given the go-ahead for Lesaka Technologies to acquire Bank Zero in a R1.1-billion transaction.
This is the fourth episode of a new podcast series curated by TechCentral’s editorial team and generated using AI.
Bank Zero has ambitious growth plans, but first it needs to get its R1.1-billion sale to Lesaka over the line.
Lesaka Technologies has agreed to buy the digital bank chaired by former FNB CEO Michael Jordaan for R1.1-billion.
Tokenised bank cards are expected to take over, but several factors may keep physical plastic alive for a while yet.
Michael Jordaan is considering partnerships to grow Bank Zero as it seeks to challenge the country’s big banks.
Revolut, the world’s fourth-largest digital bank, has confirmed to TechCentral that it is interested in the South African market.
Magnetic stripes on bank cards appear to be on their way out as South Africa’s financial institutions look to more modern features to bolster the security of card transactions.
Passwords, which have been used for decades in the technology industry for authentication, may finally be on their way out.