Bank Zero broke even in August, then took half a million end customers from remittance group Mukuru.
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Lesaka Southern Africa CEO Lincoln Mali says merchant division growth will return only in the second half of FY2027.
Lesaka Technologies has extended the long-stop date for its R1.1-billion acquisition of Bank Zero by nearly six months.
Lesaka Technologies is involved in a corporate shake-up, including an internal rationalisation of its operating portfolio.
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.