The Reserve Bank is working to drive financial inclusion by digitising cash and making instant payments across borders an everyday reality.
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The collaboration provides RMB Private Banking clients with access to FNB Connect’s data and device solutions.
A detailed analysis of more than three million consumer social media posts over the past year shows Discovery Bank is South Africa’s “favourite bank” for 2024.
Magnetic stripes on bank cards appear to be on their way out as South Africa’s financial institutions look to more modern features to bolster the security of card transactions.
FNB now facilitates real-time cross border payments in South Africa, Namibia, Lesotho and Eswatini.
Standard Bank spends more than R1-billion/year keeping its systems safe from attackers.
Old Mutual will unveil South Africa’s newest bank in the first quarter of next year.
Tapping a card or smartphone at the point of sale is rapidly taking off as a payment method in South Africa.
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.