The draft legislation from the EU Commission envisages the digital euro becoming a legal tender that complements cash and can be used in retail. In addition, it should be used online and offline and not be programmable.

TFG (The Foschini Group) has started moving its insurance book onto Cape Town-based start-up Root’s digital policy administration system. This has changed how TFG develops, markets, sells and manages insurance policies for its existing store card account holders.

SSP Ltd, the international holding company of SSP in South Africa, has been acquired by global software holding company Vencora.

Absa Life Zambia and Airtel Mobile Commerce Ltd (Airtel Money) have unveiled the Umoyo Funeral Cover which is a digital insurance product powered by Inclusivity Solutions, a leading provider of digital insurance technology.

In an effort to offer more security and control to consumers, the Authenticated Collections (DebiCheck) system was introduced in South Africa. DebiCheck is a significant step forward, allowing consumers to authenticate and approve future debit orders.

Videsha Proothveerajh, the CEO of LexisNexis, has been honoured for her exceptional leadership and contribution to the African technology arena at the prestigious Sentech Africa Tech Week Awards.