Three weeks ago, in mid-April, Absa became the last of South Africa’s big banks to launch a mobile transactional banking application for smartphones and tablets, beating at the finish line by First National Bank, Standard Bank, Nedbank and Investec. But Absa, South Africa’s
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Vodacom is the most reputable company among South Africa’s top 20 JSE-listed companies by revenue, a new survey has found. The 2013 RepTrak Pulse survey placed Vodacom rival MTN in fifth place, down from second place last year. Old Mutual placed second, with retailer Pick ’n Pay and Sasol taking
First National Bank has released a dedicated tablet version of its transactional banking application. Until now, customers have been able to use the FNB Banking App designed for iPhone and iPod touch on the iPad, but that version of the app isn’t optimised for the tablet computer’s larger
First National Bank launched a cellphone-based instant money transfer service between South Africa and Zimbabwe on Tuesday. “We have done extensive research into the cross-border remittance market and devised a service that is readily accessible to the people who need it most,” said Yolande van Wyk, head of digital
First National Bank on Monday said that non-FNB customers can now make use of its smartphone banking application to perform transactions through the inclusion of an e-wallet. Users of the bank’s “eWallet” can perform transactions such as buying prepaid airtime, data and prepaid electricity. They can also
Financial services giant Old Mutual has acquired personal financial management start-up 22seven as part of a strategy of what it calls “developing digital support for its customers”. The value of the deal has not been disclosed. 22seven exited its beta phase last May and began
First National Bank apparently believes that Research in Motion’s (RIM’s) new BlackBerry 10 (BB10) operating system is going to be a big success in South Africa, even if some analysts don’t. The bank, which is yet
First National Bank CEO Michael Jordaan may be planning to leave the bank at the end of the year, according to a report. The 44-year-old has been CEO since 2004 and has been instrumental in driving its digital strategy, including the development of mobile banking applications and its drive to get consumers to use digital
Banking group Absa has launched a product aimed at tech-savvy young professionals. Called Potentiate, it includes a new bank card with a digital display for showing one-time Pin numbers. The product promises various loyalty benefits and those taking it up can opt to purchase an
Two of SA’s big banks have committed themselves to developing mobile banking apps for Microsoft’s Windows Phone smartphone platform. It’s important for platform developers to attract local banks to their operating systems given demand from