Chinese Internet giant Tencent Holdings has invested in South African digital bank TymeBank.
Standard Bank has become the latest South African bank to offer support for Apple Pay, the contactless payment technology used in iPhones, iPads and Macs.
The bank is expanding the telecommunications solutions it offers through its FNB Connect division, launching fibre-to-the-business products in partnership with Vox.
Zimbabwe’s central bank is exploring the use of a digital currency rather than allowing cryptocurrencies as legal tender.
Public net sentiment towards Absa has jumped in the past year, an analysis of hundreds of thousands of social media conversations shows.
Absa Group said on Thursday that its partnership with Amazon Web Services to train employees in cloud computing skills will see almost 1 800 people benefit.
Banking will have to embed legacy channels within emerging technologies like AI and ML to spearhead contextual banking. Customers won’t accept anything less. By Mark Nasila.
Customers can now use their virtual cards in Samsung Pay, Apple Pay, Garmin Pay and Fitbit Pay as well as in the bank’s own tap- and scan-to-pay solution.
Bank Zero account and transaction fees will also remain exactly the same next year, meaning they have been unchanged since the mutual bank went into beta last year.
Podcast | Banks that are unwilling to adapt their strategies for “the platform economy” could face dire consequences, says Standard Bank’s Jonathan Lamb.