Absa says it is working on smartphone banking applications in the wake of the launch on Tuesday of its overhauled online banking platform. It says the new platform, which took two years to develop, is a necessary step to launching dedicated banking apps for mobile devices. Adrian Vermooten, Absa’s deputy managing
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22seven is no longer in beta. It will offer users a 30-day free trial, after which the service will cost R70/month. There is no contractual commitment and users can opt out at any time. CEO Christo Davel says mobile applications are inevitable, but won’t commit to a timeline for their launch
First National Bank has outlined in detail its new geo-payment service Geopay after news of the feature in its smartphone app leaked on Monday. It allows consumers to make payment to anyone nearby them who has a compatible mobile device, even to customers of other banks. Though the initial focus is on person-to-person
First National Bank this week lifted the lid on a new payment mechanism that uses the GPS feature in modern smartphones. It won’t result in the much-hyped cashless society, but it could greatly reduce South Africans’ reliance on cash over time. The new payment feature, which is included in an update to
And we’re back! This week, your hosts Duncan McLeod and Craig Wilson for a midweek edition of TechCentral’s TalkCentral podcast. In the show this week, we talk about First National Bank’s new geo-payments facility and consider what it means for the other banks and chat about Craig’s Mango flight to test WirelessG’s
First National Bank is launching a new payment service that allows users of its mobile app to make payments to one another without needing to exchange banking details, provided they are near to one another. The service uses the GPS chips built into modern mobile devices, with authentication provided by the
First National Bank has launched its first hi-tech “dotFNB” store in Johannesburg. The outlet is meant to introduce customers to FNB’s various digital channels and show off technologies like an “interactive surface” that supports both touch interaction and augmented reality and allows customers to interact with the bank and its products and
Standard Bank caused a bit of a furore on Twitter on Thursday when it tweeted that it had lodged a complaint with the Advertising Standards Authority over an advertisement competitor First National Bank placed in weekend newspapers. It accused its rival of “misleading advertising”. Although the bank says filing the complaint
First National Bank (FNB) has become the first SA bank to allow personal financial management start-up 22seven access to its customers’ accounts, albeit on a limited basis. The move stands in stark contrast to FNB rival Absa, which has blocked 22seven — specifically its US technology partner Yodlee
Stellenbosch-based social networking company MXit has a one-year window of opportunity to improve and expand its products and services if it’s going to fend off an onslaught of rival services like instant-messaging application WhatsApp, says its new CEO, Alan Knott-Craig. “The main risk