Tapping a card or smartphone at the point of sale is rapidly taking off as a payment method in South Africa.
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Nedbank said on Monday that it had fully restored services after an outage, which began at around 7.30am.
Financial services group Discovery expects its digital banking business to become profitable in 2025.
Debit cards already handle the lion’s share of transactional value, despite cash being used in higher volumes.
Total IT spend at FirstRand for the financial year ended 30 June 2024 reached R19.3-billion, up 8% from 2023’s figure.
Luhn’s algorithm is a simple checksum that roots out human error in card number inputs. Here’s how it works.
Discovery Bank has topped a million customers and claimed it has reached this milestone two years ahead of plan.
FNB was hit by a system outage affecting a number of its services on one of the busiest days of the month.
Absa Group on Monday said CEO Arrie Rautenbach will take early retirement from the company.
Many financial institutions are held hostage by legacy systems that consume the lion’s share of their IT budgets.