finance

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South Africa's Constitutional Court has ruled that Cash Paymaster Services must pay the South African Social Security Agency R81.3-million for profits earned under an invalid contract. Recovery remains uncertain due to CPS's insolvency since 2020. The judgment concludes years of litigation over the matter.

Rapportert av AI

Fintech ARQ, previously DolarApp, announced on Thursday the launch of a B2B global account for companies in Brazil. The service meets demand from retail clients for business solutions. Founded by ex-Revolut employees, the company processes US$ 10 billion in annualized transactions.

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