South African bank FNB has acquired 100% of Selpal – a fintech company that operates specifically in townships and rural sectors of the economy.

Gordon Little, FNB Business CEO says, “As part of our broader strategy, we are dedicated to help support small businesses that are predominantly cash-based and operate in a less formal manner. Our latest acquisition and integration of Selpal complements the significant milestones we have reached in executing on this strategy. Selpal alread...