South African banks are reporting phenomenal growth in the use of banking apps despite the country’s finite banked population, stagnant levels of smartphone penetration and relatively low levels of financial literacy.
Browsing: Nedbank
Nedbank, working with Mastercard and Entersekt, has launched QR code (or quick-response code) payments to Masterpass, Pay@, SnapScan and Zapper merchants and billers in its Money app – for use online or in-store.
Nedbank’s venture capital fund is betting on drones reshaping agri-finance by investing in Aerobotics, a Cape Town-based aerial data analytics company making waves internationally. The R100-million venture capital
First National Bank has squeaked past Capitec to be named South Africa’s best digital bank, according to a new, independent study by Columinate. The insights agency on Monday released its seventh annual
Bearish signs are stacking up for South Africa’s rand. Volatility is rising and with it the cost of protecting against a weakening currency, short positioning is soaring and foreigners are fleeing South African bonds at a
BrandsEye, a company that mines social media to determine people’s view on topics from elections to companies, has found that Capitec is South Africa’s most loved bank among social media users. The annual
Finance minister Malusi Gigaba faces a gaping budget hole — and will have to consider cutting spending, raising taxes and selling state assets if he wants to avoid further ratings downgrades. The economy he oversees is hampered by
Comsol, the telecommunications company that has built a national open-access wireless broadband network for businesses and which plans to launch South Africa’s first 5G network next month on a trial basis
Investments made by banks to beef up their digital capabilities and offer clients cost-effective services appear to be paying off. Detailed figures disclosed in the financial results of four of the five largest banks in
South Africa’s debt-laden state-owned companies may represent the single biggest risk to the country’s economy, according to Nedbank CEO Mike Brown. The assets, which include power utility Eskom