The central bank of South Africa responsible for overseeing monetary policy and financial stability.
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.
Why Wise chose South Africa as its first African market
Wise has received conditional regulatory approval from the South African Reserve Bank to operate in South Africa. The company will operate as a Category 2 Authorised Dealer in foreign exchange with a limit of $50,000 per user per year.
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.
Revolut Seeks Banking License in South Africa
Revolut announced plans to apply for a commercial banking license in South Africa. The announcement coincided with the opening of Revolut’s new global headquarters in London.
