... data services rose 15.6%, while fintech revenue from MoMo services jumped 27.6%. The recovery also built on momentum from late 2025, when increased data consumption and home broadband usage helped strengthen the company's revenue base. The results suggest Rwanda's telecom sector, although smaller than markets such as Nigeria or South Africa, is becoming one of Africa's fastest-growing digital economies. "We ...

... active fintech users in the year to reach 14.7 million - a 28.5% jump. Egypt is now Vodacom's second-largest consolidated fintech market by customer count, narrowly behind South Africa's 15.3 million. In South Africa, Vodacom's fintech arm - anchored by the VodaPay super-app - grew revenue 8.1% to R3.7-billion. Insurance was the biggest driver, with policies across contract, device, funeral ...

... locations and more than 150,000 mobile point-of-sale devices. Its network also includes more than 15 digital payment platforms spanning banks, telecommunications companies, voucher providers and fintech firms. Pay@ services a broad client base that includes pay-TV operators, money remittance companies, insurers, financiers and public sector organisations across South Africa, Namibia, Botswana, Zimbabwe, Eswatini and Lesotho. Araxi CEO Bradley Sacks said ...

... billion, an increase of 19.6 percent. That growth was largely driven by the Egyptian arm of the business where 41.7 percent growth was reported as revenue climbed to R3.14 billion. In South Africa, revenue from fintech operations grew just 8.1 percent to R3.71 billion. Overall, there are now 103 customers using Vodacom's financial services. The company invested R23.6 billion in ...

... us", adding that the founders were "united" in their belief that Holtkemeyer was the right person to lead Yoco. Yoco was founded in 2013 and is one of South Africa's biggest fintech success stories. In 2021, it raised US$83-million (then about R1.2-billion) in a series-C round led by Dragoneer Investment Group. The company has expanded from card machines into online ...

... Paymenow, the earned-wage access platform, has merged its business with financial health company PayCurve in a move that underscores the wave of consolidation in South Africa's fintech industry. The combined business will operate under the Paymenow brand and creates "South Africa's first fully integrated employee financial wellness platform", said the group. Founded in August 2019 by former Springbok and Western ...

... funding reached $1.64bn in 2025, up 46.2% year-on-year after two years of decline. South Africa was a primary beneficiary, with 42 startups raising a combined $335.9m - a 234% increase from $100.4m in 2024. Fintech accounted for $124.97m of this total, representing 37.2% of all funding in South Africa, ahead of sectors such as energy, AI/IoT, and agritech. The composition ...

... A lag in data means South Africa's inflation rate - 3.1% year-on-year in March as of yesterday's Stats SA print - may not reflect lived realities, a dynamic that the use of fintech-based transaction data could resolve. This is according to Jed da Silva, co-founder and head of product at start-up Maholla, which has created a consumer rewards and market ...

... There has also been consolidation among fintechs themselves. Lesaka Technologies bought Bank Zero for R1.1bn in a transaction that will see it launch a suite of foreign currency products that will allow it to play in the competitive cross-border remittances market. Lesaka also bought fintech operator Adumo for R1.6bn in 2024. It's not only in South Africa where consolidation in ...

... navigate. A fintech operating across multiple African markets could handle customer data from Nigeria, Kenya, South Africa, and the EU, for example, which would require it to navigate the NDPR, Kenya's Data Protection Act, POPIA, and GDPR. South Africa's Information Regulator amended POPIA regulations in April 2025 to introduce stricter breach notification timelines and expanded information officer responsibilities. And as ...

... in net profit compared to the previous year, driven by strong growth in data, fintech (Mobile Money), and digital services. Most of this amount, if not all will be repatriated to South Africa. Is the South African aware that if Ghana, Nigeria and other African countries boycott goods and services from South Africa, its economy will collapse? It should not ...

... data services rose 15.6%, while fintech revenue from MoMo services jumped 27.6%. The recovery also built on momentum from late 2025, when increased data consumption and home broadband usage helped strengthen the company's revenue base. The results suggest Rwanda's telecom sector, although smaller than markets such as Nigeria or South Africa, is becoming one of Africa's fastest-growing digital economies. "We ...

... active fintech users in the year to reach 14.7 million - a 28.5% jump. Egypt is now Vodacom's second-largest consolidated fintech market by customer count, narrowly behind South Africa's 15.3 million. In South Africa, Vodacom's fintech arm - anchored by the VodaPay super-app - grew revenue 8.1% to R3.7-billion. Insurance was the biggest driver, with policies across contract, device, funeral ...

... presence in Hong Kong can benefit from a globally recognised common law system and Asia's most competitive tax regime, says the agency. Hong Kong has sharpened its competitive edge by announcing a halve in the profits tax to 8.25% from the standard 16.5% for qualifying physical commodity traders, according to InvestHK. Share Business Fintech Hong Kong Rwanda South Africa Read ...

... locations and more than 150,000 mobile point-of-sale devices. Its network also includes more than 15 digital payment platforms spanning banks, telecommunications companies, voucher providers and fintech firms. Pay@ services a broad client base that includes pay-TV operators, money remittance companies, insurers, financiers and public sector organisations across South Africa, Namibia, Botswana, Zimbabwe, Eswatini and Lesotho. Araxi CEO Bradley Sacks said ...

... JSE-listed fintech firm Araxi, formerly known as Capital Appreciation, has announced its shareholders voted and overwhelmingly approved its acquisition of 80% of the shares in the Pay@ Group. Araxi also said the competition authorities recently approved the transaction, which is expected to close during May. Pay@ is a payment aggregator in South Africa, providing bill presentment and collection services for ...

... raises R86m to expand BNPL service 23 Mar 2026 By integrating into Ozow's merchant network, Happy Pay gains immediate large-scale distribution across South Africa's retail and e-commerce landscape. South Africa's fintech competition intensifies The announcement also highlights the intensifying competition within South Africa's digital payments and BNPL sectors. As retailers increasingly prioritise flexible payment options to stimulate consumer spending in ...

... billion, an increase of 19.6 percent. That growth was largely driven by the Egyptian arm of the business where 41.7 percent growth was reported as revenue climbed to R3.14 billion. In South Africa, revenue from fintech operations grew just 8.1 percent to R3.71 billion. Overall, there are now 103 customers using Vodacom's financial services. The company invested R23.6 billion in ...

... into East Africa, while also attracting growing international investment interest in sectors like fintech, renewable energy and digital infrastructure. Analysts say France is now actively looking beyond its traditional allies as it tries to regain relevance on the continent. South Africa's relationship with France appears stronger Even though Ramaphosa will not attend personally, relations between Pretoria and Paris currently appear ...

... "If the final technical standards and accreditation processes remain transparent and accessible, this could unlock a powerful ecosystem where banks, fintechs, telcos and developers can build new services on top of a common, high-assurance digital identity layer." "That is how you future-proof the system and keep South Africa competitive." Based on the plans already published, Fanaroff believes the proposed framework ...