South Africa's Wearable Darling Faces Toughest Test Yet With Its Futuristic Payment Ring
Free Reads South Africa’s Wearable Darling Faces Toughest Test Yet With Its Futuristic Payment Ring By Staff Reporter | August 14, 2026 Two years ago, the idea that South Africans would pay for just about anything with a flick of their finger seemed like something out of a fantasy novel. A ring that never needs charging, works with any tap-to-pay terminal, and lets one leave their wallet and phone at home was the kind of pitch that would have been politely dismissed at a fintech meetup. That ring is now on thousands of fingers across the country, and VezoPay, the startup behind it, has gone on a charm offensive to get the banks to play ball, and while it’s had some luck with some, several hold out. The startup now faces a tricky test to change that. VezoPay has gone live with Investec and Absa, taking its roster of banking partners to four in under a year. A fifth major retail bank is expected to follow before the end of 2026. FNB and RMB Private Bank came on board in October last year. The company, founded…
14 Aug 14:39 · WeeTracker