Wise Secures First African Regulatory Approval South Africa
Wise has received conditional approval from the South African Reserve Bank to operate as an ADLA Category 2 provider...
✨ Key Highlights
Wise has received its first African regulatory approval from the South African Reserve Bank, allowing it to offer international money transfer services to customers in South Africa. This approval positions Wise to address the significant demand for faster, transparent, and affordable global payment options in the country.
- Wise obtained conditional approval to operate as a Category 2 Authorised Dealer in Foreign Exchange with Limited Authority.
- The expansion strengthens ties between the UK and South Africa, as highlighted by UK Prime Minister Keir Starmer.
- Nadia Costanzo, Director of Banking and Expansion LatAm and MEA at Wise, noted that South Africans often face high costs and poor transparency when sending money abroad.
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Companies Announce New Appointments, Regulatory Approvals, and Training Initiatives in Kenya and South Africa - December 2025
Wise has received its first African regulatory approval from the South African Reserve Bank, permitting it to offer international money transfer services to customers in South Africa. In Kenya, iColo has appointed Wanja Muriithi as its new General Manager to accelerate business growth and strengthen Digital Realty's presence across East Africa. Also in Kenya, the Kenya School of TVET (KSTVET), in partnership with Huawei Technologies Kenya, completed a program that equipped 65 TVET lecturers with advanced Artificial Intelligence and ICT skills. Meanwhile, Westcon-Comstor Southern Africa has been awarded RUCKUS Platinum Distributor Status, recognizing its excellence in revenue performance and partner enablement for RUCKUS Networks' solutions.
