Nedbank’s “super app” Avo will now sell Apple products after the bank was appointed as an Apple authorised reseller for the South African market.
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Big changes are coming to South Africa’s payments industry that will shake up the financial services sector, according to BankservAfrica CEO Jan Pilbauer.
Cape Town has threatened to scrap contracts with companies including EOH, EY and Nedbank after the firms were named in the Zondo probe into state capture.
Since much of Africa’s population has limited access to financial services, the continent is one of the world’s most attractive banking opportunities as incomes rise.
MTN South Africa said on Monday that users of its MoMo mobile money platform can now “cash out”, or withdraw funds, at Nedbank-owned ATMs.
Banks say they have to keep funding at least some coal projects for now because an immediate halt would cause upheaval.
First National Bank has finally launched supported for Apple Pay in South Africa, the financial services institution said on Tuesday.
South African taxi drivers, private security companies and ordinary civilians are stepping up to protect their businesses and communities following days of rioting and looting.
Nedbank plans to shift to a “hybrid workforce model” with a significant percentage of the bank’s employees not working in the group’s offices daily.
The Ombudsman for Banking Services’ annual report reveals that it opened 7 717 formal cases in 2020 – a new record. That’s a 19% increase on the prior year, despite the Covid-19 lockdown.