NjiaPay has secured $2.1m (R35m at R16,66 per US dollar) in seed funding led by European investor Newion Partners to expand its payment orchestration platform across Africa. Left: NjiaPay CEO Jonatan Allback, Right: NjiaPay CPT Roderick Simons | image source: NjiaPay The Cape Town-based fintech provides software that helps businesses manage multiple payment service providers…
In this episode of ITWeb TV, Johan Gellatly, MD of Altron FinTech, discusses the company’s several initiatives to boost financial inclusion in South African townships, as well as the challenges the kasi economy is facing in regards to digital payments adoption. #Altron #Fintech #FinancialInclusion Altron FinTech is stepping up efforts to digitise payments within South…
Nedbank has partnered with Crypto.com to roll out payment, settlement and liquidity solutions in Africa. Nedbank has partnered with global crypto-currency exchange Crypto.com to develop blockchain-based payment, settlement and liquidity solutions across Africa. As global trade evolves, Africa’s reliance on legacy payment rails has introduced significant challenges – including high settlement costs, currency volatility and exposure…
As South African consumers navigate rising living costs and persistent economic pressure, loyalty programmes have evolved from “nice-to-have” perks into essential value engines. Thabiso Msimanga, Head of Customer at X, Bigly Labs by Dis-Chem. Image supplied At the same time, fintech innovation, real-time data and AI-powered retail technology are converging to reshape what loyalty looks…
YouTube sensation Jimmy “MrBeast” Donaldson is expanding his business empire into financial services. Through his holding company, Beast Industries, Donaldson has officially acquired Step, a fintech platform specifically designed to provide banking and investment tools to young people. Read: iPhone 17e to retain $599 entry price with major internals boost While the financial terms of…
Nairobi — Nigeria’s latest fintech policy push is sending ripples across Africa’s digital finance ecosystem, with potential implications for Kenya’s fast-maturing mobile money and fintech market that has long been anchored by M-Pesa, regulatory sandboxes and a growing startup scene. The Central Bank of Nigeria (CBN) has unveiled its Policy Insight Series 2025: Shaping the…
Nairobi — Montran has appointed Wohoro Ndohho as Regional Executive Director for its Africa operations as the payments and capital-markets technology firm moves to deepen its presence in a region pushing to modernise financial infrastructure. Ndohho, who has over 20 years of experience in finance, infrastructure and investment advisory, will be based in Nairobi and…
Capitec group CEO Graham Lee. Capitec has entered into a binding agreement to acquire 100% of fintech start-up Walletdoc, subject to regulatory approvals. In a statement, the bank says the acquisition marks a significant milestone in its strategy to offer secure payment acceptance to Capitec Business clients and e-commerce solutions to Capitec Personal Banking clients….
Capitec’s head office in Stellenbosch. Image: Capitec Capitec is moving deeper into South Africa’s fast-growing payments ecosystem with a R400-million acquisition of fintech player Walletdoc, a move that signals the Stellenbosch-based bank’s intention to broaden its reach in digital commerce and lower the cost of transacting. The bank said on Monday that it has signed…
Capitec Bank has entered into a binding agreement to acquire 100% of Walletdoc Holdings Proprietary Limited, subject to regulatory approvals. The move forms part of Capitec’s strategy to enhance its digital payments ecosystem for both Business and Personal Banking clients. Founded in 2015, Walletdoc is a South African fintech providing scalable payment gateway solutions for…
