From left, Carl Wazen (Yoco chief business officer), Thalentha Ngobeni (Dyner CEO), Christopher du Plessis (Dyner CTO) and Lungisa Matshoba (Yoco chief product and technology officer) Payments company Yoco has acquired Dyner.ai, a local start-up that builds AI-driven operations software for restaurants and other small businesses, for an undisclosed sum. The deal appears to be…
QR payments and request-to-pay services are expected to accelerate PayShap’s expansion into daily retail transactions. South African instant payments platform PayShap is shifting its focus beyond peer-to-peer transfers, as it pushes to expand adoption across merchant payments, e-commerce and everyday transactions. According to a statement, the next phase of growth for the real-time payments platform…
Johannesburg — Mastercard and Yellow Card have announced a partnership to expand stablecoin-based payment solutions across Eastern Europe, the Middle East and Africa, including Kenya. The two firms said they will explore the use of stablecoins in cross-border money transfers, business-to-business payments, digital loyalty programmes and treasury management. The partnership will initially focus on markets…
Convera, a global leader in commercial payments, today announced a new strategic collaboration with Ripple, a leading provider of blockchain-based enterprise solutions across traditional and digital finance, to offer crypto-enabled payment and treasury solutions for businesses. “With the growing presence and use of digital currencies such as crypto and stablecoins, Convera has maintained a thoughtful…
Moniepoint has acquired Orda in a move to integrate payments directly into merchant operations and expand its business management platform. Orda will be rebranded Moniebook for Restaurants and integrated into Moniebook, Moniepoint’s software for managing sales, inventory and finances. The platform will continue to operate independently until integration is completed in the coming months. The…
A report by the AfricaNenda Foundation has stated that the growth of instant payment services in Africa is increasing, enabling inclusion of more people in the continent into the financial system. The foundation in its 2025 Annual Report, said the year was a breakthrough for Africa’s Inclusive Instant Payment Systems (IIPS) with record-speed national launches,…
China-based fintech platform XTransfer is accelerating its expansion into Africa after recording more than 300 per cent growth in the region last year, as small and medium-sized enterprises (SMEs) increasingly seek faster and cheaper ways to handle cross-border trade payments, according to a senior leader at the firm. With trade between Africa and global manufacturing…
AI shopping tools gain traction, yet most South Africans still prefer human customer service interactions. (Image created with ChatGPT) Artificial intelligence (AI), digital wallets and crypto-currency linked payments are rapidly changing how South Africans shop and transact, according to new research from Visa. The latest Spending Shift Survey was commissioned by Visa and conducted by…
Verve International, a subsidiary of Interswitch Group, has reiterated that stronger collaboration among industry players will be critical to shaping the future of Africa’s payments landscape. The firm in a statement noted that the event convened issuer banks, fintech collaborators, merchants and other critical ecosystem stakeholders for strategic engagement, meaningful industry dialogue, and deeper ecosystem…
In this episode of ITWeb TV, Kitso Lemo, associate director at Boston Consulting Group, discusses how technology is reshaping payments in South Africa and the role of fintech innovation in driving financial inclusion. #Fintech #FinancialInclusion #DigitalPayments South Africa’s payments landscape is digitising rapidly, but cash remains deeply entrenched in the economy, accounting for over 50%…
