Pepkor builds R21.3bn fintech platform

Pepkor is creating a R21.3 billion fintech platform by combining Flash with Shop2Shop, giving the retailer a 57.1% controlling stake. The new entity will serve formal and informal merchants and process more than R200 billion in transactions annually. By integrating payments, cash management and value-added services, Pepkor aims to deepen its reach into South Africa’s merchant economy, support digital adoption and unlock future value through a potential separate listing strategy.








