South African regulators are seeking details from India’s Bank of Baroda of accounts belonging to businesses owned by the Gupta family, intensifying scrutiny of the friends of President Jacob Zuma, according to a person close to the
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First National Bank has labelled social media banking as a passing fad but the bank has affirmed that it’s attempting to keep ahead of the technological curve. Absa recently launched ChatBanking
In a move to crack down on debit order fraud, First National Bank on Monday said it will introduce a new system whereby customers will be notified via SMS every time a new debit order is raised on their accounts. Customers can dispute and
Nearly half of the ways to earn eBucks will soon be by saving and investing, a sneak peek of First National Bank’s annual changes to its rewards programme, due to come into effect on 1 July, reveal. eBucks is a programme that rewards customers
The South African retail banking sector is characterised by high barriers to entry. The sector is concentrated, with four of the largest banks – Standard Bank, Absa, First National Bank and Nedbank – accounting for more than 80% of retail
MTN South Africa will allow mobile virtual network operators to piggyback on its network, becoming the second mobile provider in South Africa after Cell C to offer such a platform
Home affairs minister Malusi Gigaba says citizens in the 25 to 40 age group will from Monday be able to apply for their smart ID card and passport at four of the country’s banks. “In our quest to deliver a quality service to our people
First National Bank has a new offering, Doc Trail, which allows its business clients to upload files onto their online banking system for record-keeping purposes. It is a value-add service that
Labour minister Mildred Oliphant conceded on Tuesday that a meeting between cabinet ministers and South Africa’s four banks had taken place. However, she didn’t want to provide further details as the ministers were still to report back to cabinet
First National Bank’s mobile virtual network operator, FNB Connect, has announced it is zero-rating its customers’ WhatsApp data traffic. It’s the second operator in South Africa, after Cell C, to introduce zero-rated WhatsApp. All data