New South African Payment Group to Advance Payment Digitization in SA
Formation of ASAPP by eight major non-bank digital payment providers in South Africa. ASAPP aims to enhance customer mobility in payment systems.
Lesaka Acquires South African Fintech Firm Adumo for $85.9 Million
Adumo, South Africa's largest independent payments processor, has been acquired by Lesaka for ZAR1.59 billion (US$85.9 million). Adumo has been on an acquisition spree, purchasing SwitchPay, WireCard, GAAP, SureSwipe, iKhokha, and other smaller payment startups.
South African Fintech Company Adumo Acquired By Lesaka In USD 85.9 M Deal
South African fintech company Adumo has been acquired by counterpart Lesaka in a deal worth USD 85.9 million. The acquisition price will be settled through the combination of stock issuance and cash.
