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South Africa's Pepkor Granted Regulatory Approval to Launch Banking Services in the Country

South Africa's Pepkor Granted Regulatory Approval to Launch Banking Services in the Country

Sputnik Africa

South Africa's Pepkor Granted Regulatory Approval to Launch Banking Services in the CountryThe retailer behind PEP, Ackermans, and PEP Cell is ready to... 25.11.2025, Sputnik Africa

2025-11-25T15:13+0100

2025-11-25T15:13+0100

2025-11-25T15:44+0100

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South Africa's Pepkor Granted Regulatory Approval to Launch Banking Services in the CountryThe retailer behind PEP, Ackermans, and PEP Cell is ready to enter the banking sector, a Western news outlet reported, quoting a statement by Pepkor.The decision follows Pepkor’s acquisition of fintech software provider Cloudbadger, which "has put us [Pepkor] in a very good position," a news outlet quoted Group CEO Pieter Erasmus as saying.The company is expected to disclose the details of the launch in March, a news outlet emphasized.Subscribe to @sputnik_africa Sputnik Africa | X

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