Absa Group has successfully migrated its banking platform, used by its subsidiaries, from the UK, where it was run by Barclays, to South Africa.
Nedbank has launched a secure application programming interface platform aligned with Open Banking standards that will allow technical partners to create new digital solutions.
Standard Bank Group said on Wednesday that it has selected Amazon Web Services as its preferred cloud provider as it shifts various production workloads, including its customer-facing platforms, to the cloud.
Five years after its ballyhooed debut, Apple Pay is still struggling to take off. Apple is betting its swanky new credit card can change that.
African Bank Holdings is joining the rush into digital banking to fail-proof the business and provide an exit for shareholders that resurrected the South African lender from its collapsed former parent.
Standard Bank Group expects to close 91 branches across South Africa, most by the end of June, in a move that may affect about 1 200 employees.
Samsung’s tap-and-pay service is coming to more banks. The company said on Monday that Samsung Pay will soon work for Investec and Discovery Bank account holders.
Hello Group, working with Sasfin, has launched a bid to bank the unbanked in South Africa with a new fintech offering that builds on its successes in the telecommunications and mobile financial remittance markets.
As new banks with radically different cost structures enter the market, the question is whether South Africa’s large banks are well placed to respond to the digital onslaught.
FNB and RMB Private Bank customers who own a compatible Samsung smart device now have the option to use Samsung Pay to make secure contactless payments.