🇧🇼Botswana
Payment trends and fintech news from Botswana
Paymentology and Chikwama Pay Launch WhatsApp-Enabled Neobank in Southern Africa
Paymentology and Chikwama Pay have launched a neobank accessible via WhatsApp in Botswana and Eswatini. The service allows customers to open accounts and conduct transactions through the messaging app, using Paymentology's infrastructure for card issuing and processing.
South Africa Considers Open Banking Framework to Widen Financial Access
South African authorities are examining an open banking framework to increase competition and financial inclusion. The regulatory push comes as new WhatsApp-based banking services launch in the SADC region, highlighting a shift towards platform-embedded finance.
Chikwama Pay launches WhatsApp-based banking across Southern Africa
Chikwama Pay has launched a borderless neobank operating via WhatsApp across the Southern African Development Community. The service, enabled by a partnership with Paymentology, allows users to open accounts and make payments, entering a market shaped by recent regional payments agreements and growing platform-based finance.
PayInc and First Capital Bank Botswana launch instant cross-border payments corridor
PayInc and First Capital Bank Botswana have launched a real-time cross-border payments corridor between South Africa and Botswana. The service uses PayInc's TCIB platform to directly link the national real-time payment systems of both countries, aiming to reduce transaction times and costs for businesses and individuals.