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New technologies, regulations and changes in consumer behaviour are set to shake up the South African payments ecosystem in the months ahead.
The South African consumer credit market is receiving a much-needed shakeup with the entry of new payment and credit options at online and brick-and-mortar stores.
Fintech and payments provider Adumo has partnered with TymeBank to extend the newly-launched MoreTyme payment offering to small and medium enterprises in South Africa.
The early stages of the pandemic were marked by a sudden shift away from cash purchases as consumers sought to limit their exposure to items that were seen as unclean.
African fintech holding company Crossfin Technology Holdings (Pty) Ltd (Crossfin) has announced the conclusion of an agreement in terms of which company Adumo (RF) (Pty) Ltd (Adumo) will acquire Wirecard Solutions South Africa (Pty) Ltd (Wirecard SA) for an undisclosed amount.
International Finance Corporation and IFC Financial Institutions Growth Fund invest R225m in SA fintech Adumo to expand digital payment solutions in Africa
South African fintech group Adumo today announced R225 million ($15 million) in new funding from IFC, a member of the World Bank Group, and the IFC Financial Institutions Growth Fund to expand access to electronic payment solutions, especially for underserved small and medium-sized businesses.
South African fintech company Adumo has announced its acquisition of point-of-sale company GAAP for an undisclosed amount. The deal is subject to approval by the Competition Commission.