Temu and Shein’s boom has accelerated SA’s digital commerce shift. Nearly half of surveyed South African online shoppers buy from international low-cost platforms such as Temu and Shein, highlighting a shift in local consumer behaviour and intensifying pressure on domestic retailers. This is according to new consumer research conducted by payments firm Stitch, in partnership…
Bitget Wallet, the everyday finance app, today announced the expansion of its crypto card in South Africa. The card lets users spend crypto directly from a self-custodial wallet at hundreds of millions of merchants worldwide, covering everyday purchases such as groceries, travel, and digital subscriptions using stablecoins converted at the point of sale. Designed for…
Greg van der Spuy shows off the Cardware wallet, which is aimed at more technically proficient users Cryptocurrency players must decrease the level of technical proficiency required for prospective users to participate in the sector to accelerate mass market adoption. This is according to Greg van der Spuy, CEO of Cardware Wallet, who was speaking…
Deon Tromp, CEO of Omnea. South African fintech company InstaPay has launched a new digital wallet, InstaPay Gini, aimed at underbanked and unbanked South Africans. InstaPay Gini operates as an open-loop wallet, designed to be used across a broad network of merchants rather than being tied to a single provider. The company says the platform…
From left: Stephen Britto, CFO and Kosta Scholiadis, founder and CEO of Street Wallet. Cape Town-based fintech start-up Street Wallet has raised R6.2 million ($350 000), at a valuation of over R34 million ($2 million), to accelerate its mission of bringing SA’s street vendors and SMEs into the digital economy. This is according to Kosta…
Apple CEO Tim Cook. Carlos Barria/Reuters Apple CEO Tim Cook signalled on Thursday the iPhone maker was ready to spend more to catch up to rivals in artificial intelligence by building more data centres or buying a larger player in the segment, a departure from a long practice of fiscal frugality. Apple has struggled to…
