Growth of mobile money has seen regulators starting to introduce controls or taxes on these platforms.
Law firm Webber Wentzel says local financial technology businesses should gear up for increasing regulation in SA.
Financial services is already one of the most regulated industries in SA, given the sensitive nature of looking after the wealth of ordinary people. For new entrants, however, regulators still need to catch up to the rapid pace of innovation. But slowly, this has already started happening...
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