VezoPay, the South African company behind a battery-free tap-to-pay smart ring, has quietly gone live with Investec and Absa, taking its roster of banking partners to four in under a year. A fifth major retail bank is expected to follow before the end of 2026. Neither of the new launches has been announced officially. Investec…
LanDynamix Founder and CEO, Peter Clarke. Payment fraud is a critical and growing crisis in South Africa. It is costing billions of rands annually and showing massive spikes in digital banking and mobile app fraud. Criminals are increasingly utilising advanced social engineering, AI deepfakes and bank impersonation scams to manipulate victims into authorising transactions. This…
Cross-border payments underpin the flow of value across the global economy. (Image: Lumepay) Lumepay has officially brought its cross-border payment solutions to market, purpose-built for African SMEs, corporates and financial institutions doing business and transacting globally. It arrives with a clear goal: to deliver end-to-end cross-border payment solutions powered by stable infrastructure, dependable rails and…
A direct-to-player payment system with $1.67 million paid across eight markets, more than 47,000 instant disbursements, and equal pay for the women’s game by design. betPawa today published a full year of verified payout data from its Locker Room Bonusprogramme, and the numbers describe something few private-sector sports initiatives in Africa have managed to build:…
Eight months after crossing the finish line, Soweto Marathon winners may finally receive some of their long-overdue prize money. Athletes still waiting for prize money from the 2025 Soweto Marathon may finally receive what they are owed. Well, at least part of it. On 17 July, Central Gauteng Athletics (CGA) issued a statement outlining efforts…
An upgraded SAPO point-of-sale device. (Image: Supplied) The South African Post Office (SAPO) has upgraded its point-of-sale (POS) platform across 610 priority branches nationwide. This, it says, is part of its branch network modernisation programme aimed at strengthening payment security, improving system reliability and bringing SAPO’s payment infrastructure in line with current industry standards. The…
UN cultural agency UNESCO has launched a global consultation process to inform its Draft Guidance on Fair Compensation for News, particularly as online platforms and artificial intelligence (AI) increasingly rely on journalistic content. The initiative comes “at a time when securing the sustainability of news media is more urgent than ever to protect the future…
A federal appeals court ruled this week that President Donald Trump doesn’t need to pay an $83 million defamation award to writer E. Jean Carroll until the Supreme Court either reviews the case or decides to pass on it. Subscribe to read this story ad-free Get unlimited access to ad-free articles and exclusive content. The…
Financial fraud presents a direct reputational exposure for listed companies. Financial fraud is no longer a peripheral concern for large organisations. It sits on audit committee agendas, features in board risk registers and has become a direct reputational exposure for listed companies. The question for CFOs and their teams is not whether controls are needed,…
Rory Bosman, executive for sales and marketing at Ecentric Payment Systems. The South African informal economy is surrounded by estimates. The economy itself is estimated to be worth around R900 billion, with spaza shops sitting at the heart of this thriving retail sector. The estimated 150 000 spaza shops operating around the country are contributing…
