South African banks are reporting phenomenal growth in the use of banking apps despite the country’s finite banked population, stagnant levels of smartphone penetration and relatively low levels of financial literacy.
Nedbank’s venture capital fund is betting on drones reshaping agri-finance by investing in Aerobotics, a Cape Town-based aerial data analytics company making waves internationally. The R100-million venture capital
First National Bank is taking the fight for entry-level banking consumers to Capitec, with the launch of its new zero-monthly-fee transactional bank account aimed at the unbanked and underbanked. eWallet eXtra, due
In a bid to boost financial inclusion in South Africa, bank accounts may soon be linked to easy-to-remember identifiers like cellphone numbers. The linking of bank accounts to easy-to-remember identifiers
Mars One, a private company, has devised an ambitious plan to establish a human settlement on Mars and generate attractive returns for investors backing the mission. “It will be one of the most exciting things ever. Five hundred
Bank Zero appears set to accelerate the evolution of the South African banking industry by offering a fresh take on banking and highly competitive fees. The bank – the brainchild of tech entrepreneurs and banking innovators Michael
Investments made by banks to beef up their digital capabilities and offer clients cost-effective services appear to be paying off. Detailed figures disclosed in the financial results of four of the five largest banks in
TymeDigital by Commonwealth Bank SA has become the first new bank to receive an operating licence from the South African Reserve Bank since 1999. The bank, set to become a full service digital bank, currently
Bitcoin continues to smash records, hitting a series of record highs in just one weekend. The cryptocurrency hit an all-time high of just over $4 225 on Sunday as the bull run played out across global bitcoin exchanges. In South Africa
South Africa’s largest and notoriously competitive financial services firms have come together to set up a national blockchain. The South African Financial Blockchain Consortium, comprising 22 industry heavyweights, the South
