Tapping a card or smartphone at the point of sale is rapidly taking off as a payment method in South Africa.
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Total IT spend at FirstRand for the financial year ended 30 June 2024 reached R19.3-billion, up 8% from 2023’s figure.
The strategic cooperation agreement will accelerate digital transformation of the financial sector and enhance South Africa’s ability to continue growing its digital industries.
New entrants suggest the dynamic MVNO sector is healthy and poised for growth in South Africa.
The banking industry has seen a spike in clients being “duped” by fraudsters posing as bank or tax officials.
Cloud migration projects are making way in South African banks’ IT budgets for AI and cybersecurity.
Standard Bank has denied reports that it has suffered a security breach after some clients complained of “dodgy” transactions on their accounts.
Standard Bank Connect head Kartik Mistry tells the TechCentral Show about the bank’s decision to partner with MTN for its MVNO.
Standard Bank’s mobile virtual network operator has partnered with MTN for network services.
Many point-of-sale terminals in circulation in South Africa support only 2G and 3G networks and must be replaced.