South Africa-based payments infrastructure company Stitch raised $55 million in a Series B funding round to expand its offerings for enterprise merchants. The company will...
South African FinTech Stitch expanded its enterprise payments offering by acquiring in-person payments provider ExiPay. With this addition, Stitch’s platform encompasses online and in-person payments,...
Real-time payments are becoming increasingly popular worldwide, with new implementations and innovations emerging regularly. The European Union has been a traditional leader in real-time payments,...
Russian President Vladimir Putin reportedly said Thursday (Oct. 24) that there are no plans to create a new system for cross-border payments between BRICS countries....
Mastercard said South Africa will be its first market to benefit from real-time card payments. The company will enable acquiring banks to process real-time card...
Shoprite is launching an eCommerce service for its Cash and Carry stores to streamline wholesale purchases. The South African wholesale brand is making its venture...
TymeBank is reportedly trying to raise at least $100 million to expand in its home country. “In South Africa, we want to be the fastest-growing...
South Africa’s Absa Group has reportedly highlighted the opportunity for African FinTechs to consider public listings at home. Adesoji Solanke, head of FinTech investment banking...
Nilesh Dusane, global head of institutional payments at AWS, and Ben Janse van Rensburg, interim CIO at BankservAfrica, told PYMNTS that instant payments will do...