FNB and RMB Private Bank customers who own a compatible Samsung smart device now have the option to use Samsung Pay to make secure contactless payments.
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A South African company embroiled in allegations that it paid millions of rand a month in bribes to secure government contracts is facing collapse.
First National Bank is introducing consumer and merchant QR code payments to its banking app. The bank is using Masterpass, Mastercard’s digital payment service, to offer the functionality.
FirstRand is emulating Amazon.com with a digital offering that will span everything from insurance, car licence renewals to locating plumbing services as the South African bank chases new revenue sources.
First National Bank said on Tuesday that it is launching the ability to tap for transactions at its ATMs.
First National Bank and a start-up fintech company in South Africa are partnering to connect informal traders in townships with fast-moving consumer goods companies.
Mobile virtual network operators that piggyback on Cell C’s network will also get to take advantage of the cellular provider’s 4G/LTE roaming agreement with MTN South Africa.
Standard Bank has finally confirmed one of the telecommunications industry’s worst-kept secrets: it will launch a mobile virtual network operator (MVNO), becoming the second major bank in South Africa to do so.
South African banks are reporting phenomenal growth in the use of banking apps despite the country’s finite banked population, stagnant levels of smartphone penetration and relatively low levels of financial literacy.
First National Bank clients who own certain Garmin and Fitbit smartwatches can now use them to “tap to pay” at retail outlets where tap-based payments are supported.