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Fintech News in South Africa

11/07/2025

Students from four South African universities developed open-payment solutions during a hackathon hosted by the University of Cape Town and the Interledger Foundation.

Read here: https://fintechnews.africa/45550/fintech-south-africa/uct-interledger-hackathon-open-payments/

UCT hosted a hackathon with the Interledger Foundation, where students built open-payment solutions for local financial challenges.

06/06/2025

Cross Switch and Paysoft form a partnership to address digital payment system inefficiencies in South Africa

Read here: https://fintechnews.africa/45365/fintech-south-africa/cross-switch-paysoft-partnership/

Cross Switch and Paysoft partner to improve digital payment reliability, speed, and scalability for South African businesses and non-profits.

11/03/2025

Revolut is considering entry into South Africa, which could challenge established digital banks like TymeBank and Discovery Bank

Read here: https://fintechnews.africa/44855/fintech-south-africa/revolut-south-africa-expansion/

Revolut is considering a South African launch, potentially disrupting the market dominated by TymeBank, Discovery Bank, and Bank Zero.

28/01/2025

Stitch now enables enterprise businesses to accept in-person card payments and alternative online methods at the point of sale.

Stitch acquires ExiPay, expanding its payments platform to offer seamless online and in-person solutions for merchants across Africa.

14/01/2025

The wallet securely manages large payments for industries like to***co and cotton farming, removing the need for cash withdrawals and ensuring fund safety.

Mukuru launched a digital wallet in Zimbabwe, offering local and international money transfers, free cashouts, and payment solutions

20/12/2024

South Africa's fintech sector is rapidly growing, attracting significant investment and positioning the country as a leader in African financial innovation. Here are some of the top fintech startups in South Africa in 2024.

-with TymeBank ZA Onafriq Ozow Peach Payments Entersekt VALR

Today, we look at some of South Africa’s most successful and fastest-growing fintech top startups in 2024, highlighting their value propositions and recent achievements.

21/11/2024

Yellow Card App has been issued a Crypto Asset Service Provider (CASP) licence by the Financial Sector Conduct Authority (FSCA) in South Africa.

Yellow Card, Africa’s leading stablecoin-based infrastructure provider, has been issued a Crypto Asset Service Provider (CASP) licence by the Financial Sector Conduct Authority (FSCA) in South Africa.

31/10/2024

This enables the bank to take a big step forward towards achieving its broader, long-term transformation strategy.

-with Standard Bank Group Volante Technologies

Volante Technologies, the global leader in Payments as a Service (PaaS), is proud to announce a strategic partnership with Standard Bank, Africa’s biggest bank by assets, to modernize payment infrastructure across the African continent. This marks one of the most ambitious PaaS payment deals signe...

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