All News and Announcements
IFC and FirstRand Bank Set Up Risk-Sharing Facility to Boost Access to Finance for SMEs in South Africa
To make loans more accessible and affordable for small and medium enterprises (SMEs), IFC has set up a risk-sharing facility with FirstRand Bank Limited that will cover half of the credit risk for a portfolio of up to ZAR1.8 billion ($99 million equivalent) of loans to these businesses in South Africa.
G20 Conference Champions Financial Inclusion and Women’s Economic Empowerment
Advancing women’s economic empowerment through inclusive financial systems will take center stage this week, as the G20 Financial Inclusion and Women Empowerment Conference 2025 kicks off in South Africa North West Province.
Mastercard Strengthens Collaboration With Paymentology To Drive Financial Inclusion in South Africa
This collaboration will support fintechs with the expertise, infrastructure, and rapid go-to-market capabilities needed to navigate the complexities of issuing cards—unlocking new opportunities for financial inclusion and digital transformation.
South Africa: Enhancing Financial Inclusion Through Innovative Fintech Solutions
Altron Finech is a leading fintech that is helping to reshape the sector to enable financial inclusion with affordable merchant and consumer-cost-friendly accessible financial transacting solutions.
The Rand Goes Digital: South Africa's Push for a Cashless Future
The South African Reserve Bank (SARB) has unveiled an ambitious roadmap that seeks to usher in a cashless era, prioritizing financial inclusion and economic growth.
South Africa's Sava and Mastercard Partner to Support Small, Medium, and Micro Enterprises
Through the partnership, the two entities will provide small businesses in South Africa, Nigeria, Kenya, and Egypt with an online platform, powered by SAVA’s Payment Transaction System, that includes digital bank accounts and accounting integration tools.
Treasury Publishes Financial Inclusion Policy Framework for South Africa
The National Treasury yesterday published the Financial Inclusion Policy Framework for South Africa, titled “An Inclusive Financial Sector for All” following the endorsement and approval of the policy framework by Cabinet on 8 August 2023.
Vodacom Pledges to Invest ZAR 60 Billion in South Africa Over Next Five Years
This ZAR 60 billion (≈ USD 3.3 billion) investment is expected to contribute significantly to enhancing network resilience, further accelerating Vodacom’s deep rural coverage program to help bridge the digital divide and deepening financial inclusion.
Lipa Payments Supports Financial Inclusion in Africa With Digital Payments
The company aims to solve the problem of informal areas not having access to payments systems in the digital age.
Citi Launches Digitized Documentation for Cross-Border Payments
New offering combines electronic cross-border payments and associated documentation on same platform, cutting days off execution of cross-border payments in South Africa.