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Shoprite Said to Eye Fintech Tie With Bank
The talks could expand Shoprite’s financial services without a banking license by combining its retail data with Investec’s lending and technology expertise.
Summary by The Rio Times
4 Articles
4 Articles
Billionaire Christo Wiese’s $11 billion retail giant Shoprite explores new banking partnership with BlackRock-backed Investec
South African billionaire Christo Wiese-backed Shoprite Holdings is in talks with Investec over a potential partnership to expand financial services to millions of customers, as Africa's largest grocery retailer seeks to capture a bigger share of everyday banking transactions.
·New York, United States
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Shoprite, Investec Said to Discuss South African Fintech Tie-Up
Shoprite Holdings Ltd. is said to be in talks with Investec about a partnership as Africa’s largest grocer seeks to expand the financial services it offers millions of customers, according to people familiar with the matter.
·New York, United States
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Total News Sources4
Leaning Left1Leaning Right1Center1Last UpdatedBias Distribution34% Left, 33% Center, 33% Right
Bias Distribution
- 34% of the sources lean Left, 33% of the sources are Center, 33% of the sources lean Right
34% Left
L 34%
C 33%
R 33%
Factuality
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