FNB is revamping its eWallet service and adding a WhatsApp channel to bring more users into the formal banking system.
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FNB has announced lower commission rates and a simplified pricing structure for its Speedpoint card payment terminals.
Standard Bank has confirmed the phased roll-out of smart ID application and renewal services at select branches.
Sanral has stopped supporting magnetic stripe payments at toll plazas ahead of the busy holiday period.
FNB’s banking app has gone down at the worst possible time: on Black Friday, one of the biggest shopping days of the year.
The Globba platform lets customers send instant, affordable cross-border payments to 120 destinations.
Fintechs have gained an edge by working closely with informal traders, but the banks are also changing their approach.
FNB has entered into a partnership with fintech start-up VezoPay, the company behind South Africa’s first smart payment ring.
Absa has told TechCentral in an exclusive interview that it is readying the launch of a mobile virtual network operator.
With one notable exception, IT spend in South Africa’s banking sector has remained relatively stable.