In a major victory for South African retailers, and possibly consumers, the Reserve Bank has approved changes to the “card interchange rate”, the fees a retailer’s bank pays to a cardholder’s bank every time a bank card is used at the point of sale. The changes took effect
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A new survey by Ipsos indicates that South Africa is on the cusp of an e-commerce boom, and that boom will be driven by mobile. About 22% of South Africa’s Internet users have shopped online, with a further 48% indicating that they intend doing so. And more
A new study conducted by research firm Ipsos shows that only 22% of South African Internet users have made purchases online, but that 48% expect to do so in future. The research, conducted on behalf of PayPal and First National Bank, shows that e-commerce
First National Bank has brought cardless cash withdrawals to its smartphone banking application, allowing the company’s clients to withdraw money at an ATM even if they are not carrying their bank card. Cardless cash withdrawals have been available
The Advertising Standards Authority (ASA) has ordered First National Bank to withdraw its “Steve” advertisements as they were harmful to children. “The potential harm in the current matter lies in the possibility that children
Brett Haggard and Andy Hadfield get together to talk about some big e-commerce deals, some start-up investment, some new gadgets and some leaky cloud services. Topics under discussion include the Kalahari, Takealot merger, First National Bank’s R3m donation to
The latest version of First National Bank’s transactional banking app for smartphones now offers customers the ability to send money across the border to Zimbabwe and Mozambique. FNB’s Zimbabwe money transfer service was first launched on
Standard Bank has apologised to its clients for technical glitches that lasted several hours on Monday. “The bank regrets any inconvenience caused,” Standard Bank chief executive in personal and business banking Funeka Montjane said
There’s a revolution under way, and this one’s not being agitated by the working class, although they certainly have their part to play. It is being waged by banks, cellphone providers and entrepreneurs hoping to capitalise on a mobile commercial market that is estimated will be worth more than US$800bn by 2016 and have more than 400m users
First National Bank is poised to become the first South African financial services institution to launch a mobile virtual network operator (MVNO). The bank is at an advanced stage of discussions with Cell C to launch the MVNO, two independent sources with knowledge of the plans have told TechCentral. The news comes just a day after