Nedbank has finally launched its mobile banking application, although only on Android-powered smartphones for now. The app, known as the Nedbank App Suite, has been available to the bank’s staff since the end of June and can now be downloaded from Google’s Play Store.
The Nedbank App Suite includes online share trading as well as the ability to do corporate batch authorisations, reset business banking passwords, check balance enquiries and make payments.
Clients who have stockbroking accounts with BoE Stockbrokers or Nedbank Online Share Trading can use the app to view their portfolio and trade in local equities. The software includes functionality for locating branches and ATMs. There is a foreign exchange calculator and application forms.
The bank says it intends rolling out apps for Android tablets, Apple’s iPhone and iPad, BlackBerry handsets and feature phones before the end of the year. with support for Windows Phone planned for the first quarter of next year.
“The Nedbank App Suite is unique in that it will be available on smartphones as well as a wide range of feature phones. It is our intention to provide an easy to use app that is safe, convenient and available to as many South Africans as possible,” says Nedbank CEO Mike Brown.
Nedbank was the second bank to announce a mobile app after First National Bank, but Standard Bank made it to market sooner. Of the big four local banks, only Absa has yet to roll out a mobile banking application, though it has said it intends doing so, probably in the first quarter of next year. — (c) 2012 NewsCentral Media