South Africa: Finance and Banking

South Africa's Financial Intelligence Centre has issued Guidance Note 7B, updating the risk-based approach under FICA with important clarifications on proliferation financing, new technology risks, and due diligence...

Africa's mobile money market is entering a new phase of regional integration, with payment rails becoming increasingly central to commerce and platform growth. Major developments include Vodacom Tanzania's partnership with Thunes for real-time international payments, MTN Rwanda's strong mobile money earnings, and Tunisia's launch of TUNPAY to unify mobile payment systems nationwide. These shifts mark a transition from domestic mobile wallet adoption to a more interoperable regional payment architecture that

South Africa's buy-now-pay-later sector faces heightened regulatory scrutiny as the Reserve Bank flags potential household financial stress risks. As BNPL products blur the lines between payment innovation and consumer credit, the debate centers on whether current regulatory frameworks adequately address affordability assessments, bureau reporting, and consumer protection in this rapidly growing market.