Lesaka Technologies is buying payments platform Adumo for R1.6-billion in cash and shares, pending approvals.
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Promoted | Biometrics-enabled ATMs are key in promoting more secure retail environments, according to Lesaka Technologies’ Cash Connect.
Banking group Absa said the time is ripe for African fintech firms to consider public listings at home.
Lesaka Technologies has bought Touchsides, a data analytics and merchant services company, from Heineken.
Retailers are not obliged to accept cash as a means of payment, even though it is defined as legal tender.
Lesaka Technologies’ Chris Meyer will step down in February, just two-and-a-half years after being appointed to the role.
Card payments are muscling in on cash and outstripping other payment methods in the informal economy, new research shows.
Promoted | South Africa’s informal market is a space that is well understood by South African fintech Lesaka Technologies.