Fintechs outpacing banks in South Africa’s informal economy

Fintechs outpacing banks in South Africa’s informal economy

Annelene Dippenaar Fintech companies have taken a boots-on-the-ground approach to providing fit-for-purpose financial services in township and rural economies – and that’s helping them outpace the banks and drive digital adoption at higher rates. This is according to Annelene Dippenaar, legal, risk and compliance officer at Shop2Shop, who told TechCentral in an interview that fintechs…

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Fintechs and crypto shake Africa’s banking foundations

Fintechs and crypto shake Africa’s banking foundations

Rapid changes in the payments landscape across Africa are challenging traditional banks, which are being forced to adapt quickly to new modes of facilitating transactions such as mobile money and cryptocurrencies. This is according to the Standard Bank Corporate and Investment Banking (CIB) Payments in Africa white paper released last week, which found that increased…

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Local fintechs form alliance for in-store payments

Local fintechs form alliance for in-store payments

Alex Forsyth-Thompson, founder and CEO of Float. Float, a card-linked instalment platform, is collaborating with payment solutions provider, Adumo, to offer consumers the option to pay in store over four interest-free monthly instalments using the available limit on their credit card. According to Float, the alliance enables an improved shopping experience at a range of…

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