The conclusion of the Adumo acquisition comes with changes to Lesaka Technologies’ executive structure.
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Forthcoming regulatory changes will allow fintech companies to act more like banks, according to Lesaka Technologies.
JSE- and Nasdaq-listed Lesaka Technologies has grown full-year revenue by 11% to R10.6-billion.
Lesaka’s R1.6-billion buyout of payments platform Adumo has been given the green light by regulators.
Lesaka Technologies is buying payments platform Adumo for R1.6-billion in cash and shares, pending approvals.
Retailers are not obliged to accept cash as a means of payment, even though it is defined as legal tender.
Promoted | South Africa’s informal market is a space that is well understood by South African fintech Lesaka Technologies.