BankservAfrica, a designated systematically important financial market infrastructure responsible for delivering payment services for the smooth functioning of South Africa’s financial markets and economy, is pleased to announce the appointment…
Browsing: Banking & Finance
FirstRand, South Africa’s largest bank by market value, has successfully sidestepped a surge in bad loans that has plagued some of its competitors by adopting a cautious lending approach in…
In a new episode of Connecting Africa, CNN International’s Eleni Giokos hears the latest technology updates from some of the biggest banks on the continent as they continue to digitise.…
The Industrial Development Corporation of South Africa (IDC) has unveiled a ground-breaking initiative designed to empower and elevate Small, Medium, and Micro-sized Enterprises (SMMEs) and the entities that provide them…
Paytm, the Indian fintech firm has revealed that it has launched a “soundbox” device that lets merchants accept both mobile and card payments across networks including Visa, Mastercard, American Express…
Former Old Mutual CEO Peter Moyo’s ongoing legal battle against his former employer, in which he is seeking R250 million in damages, suffered another setback when the Constitutional Court denied…
One of the latest financial services institutions to offer instant payments through PayShap is TymeBank, which is South Africa’s real-time digital settlement platform that doesn’t require users to share their…
South Africa is currently losing its competitive advantage over the rest of Africa, with its risk premium deterring investment and making it harder to raise capital to stimulate economic growth.…
The prominent payment solutions provider, Paycorp, has received clearance from the South African Reserve Bank (SARB) as a direct clearing system participant. The accreditation gives power to the company to…
Standard Bank Group has revealed that it has spent R11.2-billion in the first half of the year to 30 June 2023 on technology, including staff costs, a 12% jump over…
