The Competition Commission has approved the acquisition of digital financial services bank Bank Zero by Lesaka Technologies for a total transaction value of R1.1 billion. Read: Discovery Bank partners with Luno in SA for crypto trading The commission announced on Tuesday, November 18, 2025, that it has recommended the deal be allowed to proceed without…
Standard Bank has become the first African bank to directly integrate with China’s Cross-Border Interbank Payment System (CIPS), providing African companies with a faster route to pay Chinese suppliers in Renminbi, rather than routing transactions through the US dollar. The integration removes an extra step long embedded in Africa-China trade flows, where companies typically settled…
The integration of cryptocurrencies into South Africa’s financial ecosystem is rapidly accelerating, marked by a significant new partnership: Discovery Bank has announced a deal with crypto platform Luno to allow its customers to trade digital assets directly online. Read: Valve unveils Steam Frame, a wireless standalone VR headset This move is the latest indication that…
Based on a zero-fee banking model, Bank Zero launched to the public in August 2021. The Competition Commission has recommended that the Competition Tribunal approves the proposed transaction whereby Lesaka intends to acquire Bank Zero, without conditions. This, after fintech group Lesaka Technologies in June announced it will acquire 100% of the issued ordinary shares…
Discovery Bank CEO Hylton Kallner Discovery Bank’s Thursday announcement of a deal with cryptocurrency platform Luno, which will allow the former’s customers to trade cryptocurrencies online, is yet another sign that cryptocurrencies are becoming mainstream in South Africa. The move follows another deal announced in October between Scan to Pay and MoneyBadger that allows users…
Hylton Kallner, CEO of Discovery Bank. Discovery Bank today unveiled new offerings, including the integration of crypto-currencies into the digital bank’s mobile app. Under a partnership with Luno, Discovery Bank will add crypto trading in over 50 crypto assets from December. Hylton Kallner, CEO of Discovery Bank, says: “The financial world is evolving fast, and…
Discovery Bank CEO Hylton Kallner Discovery Bank is adding the ability for its clients to trade in cryptocurrencies directly in its banking app. The launch on Thursday of the crypto facility follows the signing of a new agreement between Discovery Bank and crypto exchange operator Luno, which will serve as the bank’s partner for the…
A Union flag flutters from a pole atop the Bank of England, in the City of London on August 7, 2025. Niklas Halle’n | Afp | Getty Images LONDON — The Bank of England on Thursday voted narrowly to hold interest rates steady, exercising caution ahead of the government’s Autumn Budget in November. Out of…
A report by the World Bank has said that about 2.6 billion people globally lack access to the Internet and are therefore labelled as living in “digital darkness”. The number is about one third of the world’s population and those lacking access to the Internet cut across continents. The report was published by the Bank…
Commodity markets are helping to stabilise the global economy. PHOTO/Pexels/Kamaji Ogino. By BUSINESS CORRESPONDENT [email protected] Global commodity prices are projected to fall to their lowest level in six years in 2026, marking the fourth consecutive year of decline, according to the World Bank Group’s latest Commodity Markets Outlook. Prices are forecast to drop by seven…
