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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.

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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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