If someone told you in 2024 that South Africans would soon be paying for coffee with a ring that never needs charging, you would probably have assumed they had spent too much time watching fantasy fiction. Two years later, South Africans might start to do exactly that.
VezoPay, the wearable payments startup behind the battery-free tap-to-pay ring, has gone live with Investec and Absa, taking its banking partnerships to four and putting it on track to add a fifth major retail bank before the end of 2026, as it tries to build network effects. Interesting times ahead for contactless payments in South Africa.
Become smarter about tech and commerce in Francophone Africa, and the policies shaping them. Read our newsletter here first or subscribe below.
Nigeria has decided to bring virtual asset companies into the group chat. If the intention to regulate virtual assets was ever in doubt, the central bank’s decision to expand its regulatory sandbox to operators in the sector has now put any confusion to bed.
Originally published by TechCabal.