The central bank of South Africa responsible for overseeing monetary policy and financial stability.
South Africa’s operators solved fintech. Digital identity is next
Vodacom Group processed US$525.6-billion in transaction value in the year to March 2026, marking a 16.6% increase year on year. MTN’s MoMo ecosystem processed an additional $500.3-billion, pushing the combined total of both operators past $1 trillion.
Clashing judgments leave South Africa’s crypto law unsettled
The high court ruling by Judge Stuart David James Wilson on June 1, 2026, classified bitcoin as both 'money' and 'capital'. The case involved the transfer of 1,680 bitcoin worth R182-million to offshore wallets.
South African Fintech Startup Launches Instant Cashless Payments Platform for Tipped Workers
Tappy launched a digital payments platform for tipped workers, allowing instant cashless payments. The platform uses a wearable NFC-enabled device linked to a digital wallet for easy transactions.
Wise Secures Conditional Approval in South Africa for Cross Border Payments
Wise has received conditional approval from the South African Reserve Bank to operate in South Africa. This marks Wise's first entry into the African market, allowing it to offer international money transfer services.
TymeBank Appoints Cheslyn Jacobs as New CEO
TymeBank received approval from the South African Reserve Bank to appoint Cheslyn Jacobs as CEO effective January 1, 2026. Cheslyn Jacobs is a founding member of TymeBank and has extensive institutional knowledge.
