Standard Bank South Africa CEO Lungisa Fuzile has apologised profusely for the bank’s extended downtime at the weekend – the latest in a series of incidents.
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South Africa is falling behind its African peers in the blockchain investment race, but the country is making solid progress in creating a regulatory framework to govern the sector.
Promoted | Standard Bank’s data-centric approach has allowed it to understand its customers better and mature the personalised solutions and experiences it delivers.
Big changes are coming to South Africa’s payments industry that will shake up the financial services sector, according to BankservAfrica CEO Jan Pilbauer.
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.