Big changes are coming to South Africa’s payments industry that will shake up the financial services sector, according to BankservAfrica CEO Jan Pilbauer.
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Nedbank will on 15 March withdraw banking services provided to AEEI, the investment company controlled by controversial businessman Iqbal Survé.
Absa Bank has joined the Hyperledger Foundation, an open, global ecosystem for enterprise blockchain technologies.
Mastercard said it will hire more than 500 young professionals this year as it prepares to launch practices focused on cryptocurrencies and open banking.
All indications are that financial services will be characterised by unprecedented competition in the 21st century. By FNB Retail CEO Raj Makanjee.
Standard Bank said on Tuesday that its customers are struggling to access its Internet banking platform and its mobile banking app.
Standard Bank Group said 99% of its transaction volumes in South Africa are now cashless, a trend that has helped it to cut costs.
South Africa’s upstart lenders are leveraging their low-cost advantage to challenge the dominance of bigger and more established rivals, according to a report.
It is entirely possible – and quite simple – to earn back at least your monthly account fee in eBucks each month.
Research shows that South African banks’ digital offerings essentially detracted from – rather than added to – customers’ overall banking experience. By Channon Perry.