FNB under fire about Black Friday problems
FNB has been experiencing problems for over five hours on Black Friday, with customers unable to log into their online banking or make payments.
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FNB has been experiencing problems for over five hours on Black Friday, with customers unable to log into their online banking or make payments.
Only one major traditional bank in South Africa is still expanding its ATM footprint, while the rest have closed thousands of cash machines nationwide.
Nedbank and state-owned group Transnet and have agreed a confidential commercial settlement of their ongoing litigation around state capture-era transactions.
The Competition Commission has recommended that the Tribunal approve Lesaka’s acquisition of Bank Zero, without conditions.
International giant Revolut has formally applied for a South African banking licence.
While Pick n Pay and Spar have seen a notable decline in cash transactions at their stores, they have no plans to reduce cash acceptance or go completely cashless.
Eight banks have signed onto the Department of Home Affairs’ plan to expand Smart ID and passport services to more branches in South Africa
Old Mutual’s OM Bank has amassed over 140,000 active customers since it began testing its mobile app earlier this year, and is adding around 5,000 new users each day.
Ambition without the right tools can stall progress and put sustainability in jeopardy.