Standard Bank Group’s goal of adding at least 10 million customers ahead of a 2025 deadline has set the stage for a tug-of-war over Africa’s wealthiest clients.
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FirstRand will end funding for new coal-fired power stations and coal mines and has lowered the cap on its coal exposure as part of moves to reach net-zero emissions by 2050, it said on Wednesday.
Standard Bank Group is taking a big bet on the future of mobile payments in Africa, launching a platform called Unayo that takes direct aim at Kenya’s M-Pesa and other mobile payment solutions.
Standard Bank said on Wednesday that customers using its mobile banking app have been experiencing slow response times and intermittent problems when trying to log in.
Standard Bank’s mobile virtual network operator, or MVNO, has launched aggressively priced fixed-LTE solutions, with prices as low as R139 for 50GB of data for its top-tier banking clients.
In a virtual strategy update event on Friday, Standard Bank Group revealed that it plans to cut head office and branch space by as much as a quarter by 2025.
Standard Bank will within years transform into a marketplace where clients can also access rivals’ products and a variety of services beyond just banking, it said on Friday.
Some of South Africa’s largest companies were forced to halt operations as violence erupted in parts of the country, with rioters torching trucks and looting stores.
Dimension Data is near to concluding a deal to sell Internet service provider Mweb, but has taken the sale of another business it has deemed non-core, Merchants, off the table for now.
Standard Bank has launched an online marketplace for larger companies, offering them a range of digital solutions. Called OneHub, it’s meant to act as a single point of entry for the bank’s corporate clients.