LinkedIn, the online network for business professionals, says it signed up its two millionth South African user on Tuesday. The US company, which is listed on the Nasdaq in New York with a market capitalisation of US$12bn, says it has 187m members in more 200 countries. It says the three biggest
Browsing: Standard Bank
Standard Bank will begin including contactless payment technology in new credit and cheque cards, allowing customers to make payments using the “tap-and-go” method, rather than them having to have their cards swiped or inserted into a chip reader. All new gold and titanium credit and
MTN and Pick n Pay are poised to launch a mobile bank. Called Tyme, which stands for “take your money everywhere”, the venture will piggyback on the banking licence held by Bank of Athens. Tyme hopes to make mobile money transfers and mobile banking commonplace in South Africa, where consumers
Two of SA’s big banks have committed themselves to developing mobile banking apps for Microsoft’s Windows Phone smartphone platform. It’s important for platform developers to attract local banks to their operating systems given demand from
Consumers at all of SA’s big banks, with the exception of Nedbank, are paying lower fees than they were last year. This is according to the third annual bank fees report by the Solidarity Research Institute, the research arm of the Solidarity trade union. The report, which was released on
3MFuture Africa, a Cape Town-based technology firm that has been embroiled in a patent battle with MTN and Standard Bank over its payment card security technology, has received a ruling in its favour from the patent court in Pretoria. 3MFuture says
Nedbank has finally launched its mobile banking application, although only on Android-powered smartphones for now. The app, known as the Nedbank App Suite, has been available to the bank’s staff since the end of June and can now be downloaded from Google’s Play Store. The Nedbank App Suite includes online
Mxit Money, a partnership between Standard Bank and mobile social network Mxit, has been launched and allows Mxit users to send money to one another for free, transact with that money, and even withdraw it. Users can also send money to other mobile phone users for a nominal fee. Mxit CEO
Moneysmart, the free personal financial management tool that was launched in beta last year, has been revamped and will be launched commercially in the next few days, promising an improved experience, automatic integration with all but one of SA’s major banks and forthcoming native applications for iOS and Android. The website
SA consumers have all but abandoned the chequebook as a means of payment, with corporate use declining severely in recent years, as technology takes over. Apart from the obvious security problems with cheques, the lower cost and added convenience of electronic channels mean chequebooks could soon join audio