Shoprite takes majority stake in R&A Cellular

Shoprite Group has acquired a majority stake in R&A Cellular, a point-of-sale platform serving South Africa's informal retail sector. The deal, pending regulatory approval, extends Shoprite's Money Market financial services ecosystem into spaza shops and informal merchants in townships and peri-urban areas. R&A Cellular's platform enables prepaid airtime, electricity, gaming products, and card payments for informal retailers. The acquisition aims to expand financial inclusion, increase access to digital services in underserved communities, and reduce cash dependency for informal traders.