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The South African Revenue Service says its “Modernisation 3.0” plan will enable the eventual automation of VAT assessments.
Vodacom’s VodaPay app offers low-cost transactions that put it in competition with players like TymeBank, Bank Zero, and Capitec.
Pepkor has hired Merwe Scholtz to head its new banking initiative as the group prepares to operate an independent bank from next year.
FNB CEO Harry Kellan is taking early retirement, as the FirstRand group looks to simplify its businesses in a large restructuring
Absa has warned that fraudsters carefully design convincing emails to try and trick its customers into exposing sensitive personal and banking details.
GoTyme Bank CEO Cheslyn Jacobs says that PEP’s expansion into the banking space will pose a massive challenge to existing banks in the country.
GoTyme is expanding its customer hub network across South Africa, with the bank planning to offer Smart ID services across the country.
Old Mutual Bank went live in September and is ‘still signing up 3 000 customers a day’.
Postbank has secured a financial services provider licence, but is still working on obtaining its banking licence.
Standard Bank has seen a rise in multi-layered digital banking scams, with AI making it harder to tell the difference between fact and fiction.