First National Bank has finally launched supported for Apple Pay in South Africa, the financial services institution said on Tuesday.
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First National Bank is deploying mobile ATMs in parts of KwaZulu-Natal and Gauteng hit by recent large-scale looting as a temporary measure while it rebuilds infrastructure destroyed in the riots.
South African banks said on Thursday that replacing 1 400 ATMs vandalised and looted during recent violent unrest could take about two months. As much as R20-million could have been taken.
There is a frequent misconception in discussions around digital banks, namely that digital banks and traditional banks differ only at the surface. There’s much more to it. By TymeBank CEO Tauriq Keraan.
A banking industry body has warned South Africans that possession of dye-stained bank notes looted from ATMs in this week’s political-inspired anarchy could land them in serious trouble.
Nedbank plans to shift to a “hybrid workforce model” with a significant percentage of the bank’s employees not working in the group’s offices daily.
The rationale for introducing new players in the South African banking industry appear to be based, for the most part, on the wrong notions. By Rabelani Dagada.
It is now mandatory for local banks to make hand sanitisers available at all 30 000 ATMs in South Africa, but an industry body says this is going to be almost impossible to achieve.
Standard Bank has launched an online marketplace for larger companies, offering them a range of digital solutions. Called OneHub, it’s meant to act as a single point of entry for the bank’s corporate clients.
The Ombudsman for Banking Services’ annual report reveals that it opened 7 717 formal cases in 2020 – a new record. That’s a 19% increase on the prior year, despite the Covid-19 lockdown.