South Africa

South Africa is a country on the southernmost tip of the African continent, marked by several distinct ecosystems. Inland safari destination Kruger National Park is populated by big game. The Western Cape offers beaches, lush winelands around Stellenbosch and Paarl, craggy cliffs at the Cape of Good Hope, forest and lagoons along the Garden Route, and the city of Cape Town, beneath flat-topped Table Mountain.

Global Push for Real-Time Payments: EU, Brazil and South Africa Lead the Way
Global Push for Real-Time Payments: EU, Brazil and South Africa Lead the Way
November 06, 2024  |  Real-Time 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,...

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Putin: No Plans to Create BRICS Cross-Border Payments System
Putin: No Plans to Create BRICS Cross-Border Payments System
October 25, 2024  |  Cross-border 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....

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Mastercard to Begin Rollout of Real-Time Card Payments in South Africa
Mastercard to Begin Rollout of Real-Time Card Payments in South Africa
October 08, 2024  |  Real-Time Payments

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...

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Shoprite Launches eCommerce Service for Wholesale Buyers
Shoprite Launches eCommerce Service for Wholesale Buyers
July 03, 2024  |  eCommerce

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...

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TymeBank Aims to Raise $100 Million to Fund South Africa Expansion
TymeBank Aims to Raise $100 Million to Fund South Africa Expansion
June 06, 2024  |  Investments

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...

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Absa Says African FinTechs Should List IPOs on Local Exchanges
Absa Says African FinTechs Should List IPOs on Local Exchanges
February 22, 2024  |  IPO

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...

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How AWS and PayShap Increased Financial Inclusion in South Africa
How AWS and PayShap Increased Financial Inclusion in South Africa
December 04, 2023  |  Financial Inclusion

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...

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Amazon Plans South African Online Store for 2024
Amazon Plans South African Online Store for 2024
October 17, 2023  |  eCommerce

Amazon will open its doors to sellers in South Africa beginning next year. Starting Tuesday (Oct. 17), independent merchants in the African nation can register...

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Stitch Raises $25 Million to Expand Payments Infrastructure Offering
Stitch Raises $25 Million to Expand Payments Infrastructure Offering
October 03, 2023  |  Investments

South African payments infrastructure Stitch has raised $25 million in a Series A extension. The round, announced Tuesday (Oct. 3), was led by Ribbit Capital...

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