Big changes are coming to South Africa’s payments industry that will shake up the financial services sector, according to BankservAfrica CEO Jan Pilbauer.
Browsing: Standard Bank
Standard Bank said on Tuesday that its customers are struggling to access its Internet banking platform and its mobile banking app.
Standard Bank Group said 99% of its transaction volumes in South Africa are now cashless, a trend that has helped it to cut costs.
Standard Bank and Lightstone have disclosed a data breach and said that some property owners’ information in South Africa was accessed without permission.
Standard Bank Group said customers in nine countries experienced difficulties logging into their digital banking accounts after an outage.
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.
Standard Bank has become the latest South African bank to offer support for Apple Pay, the contactless payment technology used in iPhones, iPads and Macs.
Promoted | Standard Bank Mobile has introduced fixed LTE to its product portfolio with aggressively priced data plans.
Banks say they have to keep funding at least some coal projects for now because an immediate halt would cause upheaval.
Podcast | Banks that are unwilling to adapt their strategies for “the platform economy” could face dire consequences, says Standard Bank’s Jonathan Lamb.