Super Money SA launches bank-backed rand stablecoin

Super Money SA has launched ZAR Supercoin, a new stablecoin for South Africa and the wider African market. Licensed by the Financial Sector Conduct Authority (FSCA) and backed by rand reserves held in segregated accounts at Absa Group, ZAR Supercoin allows users to...
Mastercard and FNB launch Globba for cross-border payments

Mastercard and FNB launch Globba for cross-border payments

Mastercard, in collaboration with FNB, today announced the launch of Globba™, a next-generation cross-border payments solution powered by Mastercard Move that simplifies and secures how South Africans send money abroad. Available through the FNB and RMB Private...

Smart regulation could unlock SA’s payment revolution

While the South African Reserve Bank’s (SARB’s) decision to embark on an inclusive robust review of the National Payment System (NPS) to allow non-banks and fintech’s into the ecosystem is a game changer, we must be cautious not to overregulate as this may...

Mukuru and Jumo partner on AI powered credit solution

Mukuru has partnered with AI-powered banking technology provider Jumo to launch ‘Fast Loan’, a scalable, mobile-first credit solution designed to address a critical gap in South Africa’s financial ecosystem. According to TransUnion, 16,8-million people in South Africa...

Absa partners with Ripple to expand digital asset custody

Absa Bank has announced a strategic partnership with Ripple to provide digital asset custody to its customers in South Africa. Through the partnership, Absa will leverage Ripple’s institutional-grade digital asset custody technology to deliver scalable and secure...

Stanchion partners with Entersekt on payment integration

Stanchion has announced a strategic partnership with Entersekt to enhance payment integration capabilities and deliver solutions to financial institutions worldwide. Founded in South Africa in 2001 and now represented across five regions, Stanchion is a PayTech...