Two top banks roll out new ATMs in South Africa
Two top banks in South Africa have added more ATMs to their networks in the past three years.
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Two top banks in South Africa have added more ATMs to their networks in the past three years.
Capitec’s systems protected over 113,000 clients from fraudulent transactions between July 2026 and June 2026.
Absa said its operational risk losses grew to R369 million in 2026, largely driven by increased incidents of digital fraud.
South African banks have told MyBroadband that card skimming remains a threat in 2026, although it has been significantly reduced.
Some banks are slowly moving away from ATMs in South Africa, while others are seizing the opportunity to move into the cash market.
Home affairs minister Leon Schreiber said that banks will soon offer first-time smart ID applications, passports, and home delivery of civics documents.
South African banking giant Capitec has announced a key name change.
Michiel le Roux co-founded Capitec in 2001 and served as the company’s first CEO and chairman.