Mastercard to acquire BVNK in stablecoin push

Mastercard to acquire BVNK in stablecoin push

Mastercard will buy stablecoin payments infrastructure firm BVNK for up to US$1.8-billion, as the card giant deepens its push into blockchain-based transfers. Increasing regulatory clarity and broader usage of stablecoins have created opportunities for card networks to expand beyond traditional cards into faster, lower-cost digital payment systems. Mastercard and rival Visa are competing to establish…

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South Africa’s digital economy ambitions face key test

South Africa’s digital economy ambitions face key test

South Africa stands at a critical juncture: our economy must diversify beyond traditional sectors if we are to remain competitive in a rapidly digitising world. The global race toward digital transformation is accelerating, and we cannot afford to watch from the sidelines while others adapt faster than we do. Becoming a significant African digital economy…

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Xi Jinping’s anticorruption drive sweeps up senior Chinese military chiefs | Xi Jinping News

Xi Jinping’s anticorruption drive sweeps up senior Chinese military chiefs | Xi Jinping News

Taipei, Taiwan – As thousands of Chinese government officials gathered in Beijing for China’s annual legislative meetings known as the “two sessions” this month, at least a dozen active and retired military officers were absent from the proceedings. Among the absentees was General Zhang Youxia, who has been under investigation since late January for “suspected…

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MTN warns AI boom is driving up chip costs

MTN warns AI boom is driving up chip costs

Increasing chip costs are starting to affect SIM cards. (Graphic by Nicola Mawson, with images from Freepik) JSE-listed MTN says it hasn’t seen the effects of a shortage of computing components due to the rapid growth of the artificial intelligence (AI) industry’s demand for chipsets – yet. AI companies’ ramp-up of data centres to cater…

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MTN’s Iran problem: can’t stay, can’t leave

MTN’s Iran problem: can’t stay, can’t leave

MTN Group CEO Ralph Mupita said the pan-African telecommunications giant would exit Iran if given the opportunity. Speaking at the group’s annual results presentation for the year ended 31 December 2025 on Monday, Mupita painted a picture of a business that has become increasingly difficult to manage, with the group having no executives on the…

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