Blue Label Telecoms and MasterCard plan to roll out point-of-sale (POS) devices to 22 000 small traders and rural shops in South Africa, allowing them to accept card payments for the first time. Blue Label already provides thousands of POS terminals in South Africa, which
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Personal financial management service 22seven has cut its monthly subscription fee by more than half, from R60/month to just R25, while adding the ability to track investments, loans, unit trusts and other financial information. Some might see the price cut as a sign of trouble, but the
The cost of banking has remained unchanged in the past year, according to research by trade union Solidarity released on Tuesday. “Monthly bank costs have started to stagnate at an R80 to R100 level,” senior researcher Paul Joubert said at a presentation in Pretoria. “Bank fees are a lot better
The combined R5,7bn Cell C has received from its majority shareholder, Oger Telecom, and in financing from a Nedbank-led grouping will be used to improve its network and win market share from rivals Vodacom and MTN, says the operator’s CEO, Alan Knott-Craig. But Knott-Craig
Construction on Eskom’s Sere wind farm in the Western Cape is well under way but its purported ability to produce electricity at a far cheaper price than independent power producers (IPPs) has raised questions about the repercussions for the fledgling renewables industry in South Africa
Three weeks ago, in mid-April, Absa became the last of South Africa’s big banks to launch a mobile transactional banking application for smartphones and tablets, beating at the finish line by First National Bank, Standard Bank, Nedbank and Investec. But Absa, South Africa’s
Vodacom is the most reputable company among South Africa’s top 20 JSE-listed companies by revenue, a new survey has found. The 2013 RepTrak Pulse survey placed Vodacom rival MTN in fifth place, down from second place last year. Old Mutual placed second, with retailer Pick ’n Pay and Sasol taking
First National Bank has released a dedicated tablet version of its transactional banking application. Until now, customers have been able to use the FNB Banking App designed for iPhone and iPod touch on the iPad, but that version of the app isn’t optimised for the tablet computer’s larger
Absa has finally taken the wraps off its application for smartphones and tablets, becoming the last of South Africa’s big four banks to launch a transactional banking app. Absa’s banking application supports Apple’s iPhone and iPad as well as devices running the Android operating system. It allows users to make payments
Banking group Nedbank has launched a mobile point-of-sale (POS) device, called the PocketPOS, that accepts both magnetic and chip-and-Pin credit and debit cards. The device connects to a smartphone using Bluetooth and is operated by means of a mobile application. The PocketPOS