A fintech company transitioning to a fully licensed digital bank through the acquisition of Bank Zero.
South African banks could lose their grip on fintech payments
SARB plans to publish a new authorisation framework by November 2026 allowing non-banks to issue electronic money and process payments directly. Lesaka Technologies aims to acquire Bank Zero to reduce dependency on bank sponsorship and improve its value proposition.
Bank Zero Turns a Profit as It Gains 500,000 Mukuru Customers
Bank Zero recorded its first break-even month in August 2026, covering operating costs. Approximately 500,000 Mukuru customers began transitioning to Bank Zero's platform.
Zambian fintech Zoyk gets BCC approval to take Zoykpay into DRC
Zambia's Zoyk receives regulatory approval to offer payment aggregation services in the DRC. Zoykpay aims to simplify payment processes for businesses in the DRC by connecting various payment channels.
South Africa’s banks have become the exit ramp for its fintechs
Nedbank acquired payments fintech iKhokha for R1.65 billion. Capitec has purchased WalletDoc.
Pepkor builds R21-billion fintech giant – and plans to list it
Pepkor is merging its Flash business with Shop2Shop to create a fintech platform valued at R21.3-billion. The new entity, 'FintechCo', will have a 57.1% controlling stake from Pepkor and aims to process over R200-billion annually.
