Standard Bank will within years transform into a marketplace where clients can also access rivals’ products and a variety of services beyond just banking, it said on Friday.
Browsing: Banking
Mastercard is phasing out cards with magnetic stripes, more than six decades after the technology was first introduced, as consumers adopt chip- and tap-based payments in increasing numbers.
South Africa’s newest bank, Bank Zero, is now accepting new customers following a closed roll-out phase. Applications will be “throttled” to ensure that the bank’s seamless onboarding experience is not overwhelmed.
First National Bank has finally launched supported for Apple Pay in South Africa, the financial services institution said on Tuesday.
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.