Pep owner faces backlash over R21-billion fintech deal
Pepkor has upset some directors and investors after shareholders were not allowed to vote on its merger deal with Shop2Shop.
News
Follow to see every story about this in your feed.
3 274 stories from 13 South African publishers, refreshed through the day. Every story is the publisher’s own — read it on their site, talk about it here.
Showing matches. Clear
Pepkor has upset some directors and investors after shareholders were not allowed to vote on its merger deal with Shop2Shop.
The bank’s fintech income increases 30% to R2.7 billion, as it reports 19% growth in headline earnings in the six months to 31 August.
Despite the financial hit, these adjustments laid the foundation for a sustainable, customer-focused model.
Egypt’s Paymob, the leading financial services enabler in the Middle East, North Africa, and Pakistan (MENAP), has received the Central Bank of Oman’s (CBO) Payment Service Provider (PSP) license, making it the first international fintech company to be fully licensed in the Sultanate. Founded in…
Safaricom, M-PESA Africa and Sumitomo Corporation have opened applications for the latest edition of the Spark Accelerator in Kenya, which will support early-stage fintech and content startups to accelerate growth. Safaricom first launched the Spark Venture Fund back in 2014, to invest and support…
From the advent of M-Pesa until the present day, African fintech has been about building accessibility to basic financial services, but now the rails are increasingly in place, there is room for serious innovation in all numbers of areas. Disrupt Africa recently partnered AZA Finance, Revio, EMURGO…
Disrupt Africa has released the first episode of its two-part podcast series zeroing in on the state of Africa’s fintech space, looking at trends, opportunities and challenges within the vital sector. Disrupt Podcast has released a number of focused series in the last couple of years, including…
Kenyan fintech startup Pezesha has announced the launch of “Pezesha 2.0”, which it describes as a “significant evolution” in its journey towards financial inclusion for underserved micro-SMEs. Pezesha is an end-to-end operating system that enables micro, small, and medium enterprises to instantly…