OM Bank is up and running and ready to transact
South Africa’s neobanking space is expanding, and OM Bank is leveraging its already powerful foothold in insurance and investment.
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South Africa’s digital-first Superbank signing up 1,500 new clients per day
Discovery Bank says it regards increased competition in the banking sector, particularly from digital-first players, as validation that its operating model is resonating well with South African consumers.
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FNB Private recognised globally for innovation and wealth management expertise
Eric Enslin, CEO of FNB Private Banking and Advisory, reflects on recent global awards, outlining how personalised advice, technology, and comprehensive financial structuring are shaping outcomes for high-net-worth clients.
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New bank taking on Capitec adding an important feature
OM Bank is adding a new payments feature that has become increasingly popular in South Africa in recent years.
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Banking | Capitec | digital banking | Old Mutual | OM Bank
New South African bank targeting Capitec
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.
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Banks shutting down ATMs in South Africa
Less reliance on cash for payments and points of presence partnerships with retailers are reducing the need for ATMs in South Africa.
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New digital bank taking on Capitec picking up speed
OM Bank is off to a steady start after a few delays.
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South Africa gets new bank that is taking the fight to Capitec
OM Bank has started onboarding customers.
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Big Capitec outage
Some users reported being unable to log into the app, with various errors including “We’re unable to verify your app installation” and “Connection issue: We’re having trouble connecting to Capitec.”