Three of South Africa’s biggest banks have quietly joined the Visa- and Stripe-backed Open USD stablecoin project.
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Capitec’s premium valuation rests on three compounding bets. All three are working – but each is now under pressure.
South Africans have already gone digital at the till. Visa is betting their employers are next.
Being late to the party isn’t the real problem – it’s showing up with nothing new to offer.
Banking group Absa won’t confirm a launch date, a network partner or whether the MVNO is even still happening.
South Africa’s banks have built thriving mobile businesses on phone numbers and network identities they don’t control.
South Africa’s banks are taking divergent paths on AI, with Investec insisting people, not machines, define the institution.
Lytania Johnson has been named FNB CEO after Harry Kellan stepped down after just two years in the role.
Optasia sees formal banking as a massive growth opportunity as microfinancing overtakes its airtime advance business.
FNB is revamping its eWallet service and adding a WhatsApp channel to bring more users into the formal banking system.