Stitch has announced that it has acquired Efficacy Payments, enabling it to offer card acquiring services directly to merchants as a designated clearing system participant (DCSP) and provide more seamless and cost-effective transactions. Image supplied “We’re excited to welcome the Efficacy team into the Stitch Group and offer this critical solution to the merchants we…
Cape Town-based fintech Stitch has announced its second major acquisition this year, coming less than three months after securing a R1-billion fundraising round. The company, which emerged from stealth in February 2021, has now raised a total of US$107 million in funding, including its recent Series B round of $55 million. Read: Bandwidth Blog &…
TLDR Africa has launched its first pan-African payment card system, PAPSSCARD, aiming to cut dependence on foreign card networks The PAPSSCARD is a joint venture by Afreximbank, the Pan-African Payment and Settlement System (PAPSS), and Mercury Payment Services (MPS) PAPSSCARD will be usable across national borders, reducing the cost of intra-African trade and payment transactions…
Flutterwave named to TIME100 Most Influential Companies List for Second Time. Flutterwave, Africa’s leading payment technology company, has been named among the TIME100 Most Influential Companies List of 2025. This marks the second time the company has received this prestigious global honor. Flutterwave joins global leaders such as Amazon, Berkshire Hathaway, Netflix, OpenAI, Universal Music…
Sybrin’s Payments Hub addresses legacy limitations. As Africa continues to accelerate its digital transformation agenda, Sybrin reaffirms its commitment to supporting financial institutions in simplifying and securing cross-border payments. With its Payments Hub and integration expertise, Sybrin enables seamless access to real-time, low-value cross-border payment networks across the Southern African Development Community (SADC) and beyond….
Capital Appreciation’s payments division showed strong growth in the year ended 31 March 2025, leading to overall growth for the group despite challenges in its software division. According to JSE-listed Capital Appreciation’s annual results on Tuesday, terminal sales grew 41% year on year, with payments-related income up 19% compared to the previous year, driving group…
TLDR Visa has partnered with Yellow Card to pilot stablecoin-powered cross-border payments across CEMEA The collaboration will test integration with Visa Direct, enabling businesses to send stablecoin-backed transfers directly to users’ bank or card-linked accounts Sub-Saharan Africa has witnessed consistent monthly stablecoin remittances exceeding $500 billion between 2022 and 2024 Visa has partnered with Yellow…
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…
Eventhive, Africa’s leading B2B2C event servicing company with a strong portfolio across key sectors, has expanded into South Africa with the launch of Payments Live. The inaugural event is scheduled to take place on Monday, 26 June 2025 at the prestigious Pivot Hotel, Montecasino, Johannesburg. Payments Live aims to be the premier gathering for senior-level…
