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South Africa

Cross-Border Cheques to be Phased Out

Cross-border cheques and bank drafts within the Common Monetary Area (CMA) are being phased out with effect from 22 July 2013 and will no longer be accepted by any banking Read More →

eCentric Switch Partners with the PCI Security Standards Council to Improve Payment Data Security

eCentric Switch, a leading South African Payment Service Provider announced that it has joined the PCI Security Standards Council as a new Participating Organization. eCentric Switch will work with the Read More →

Standard Bank South Africa Launches Customer Rewards Programme

Standard Bank South Africa has launched a rewards programme. From 10 June 2013, Standard Bank South Africa customers can join UCount Rewards, a programme offering rewards for using their Standard Read More →

ABSA Unveils ‘Futuristic Branch’

Imagine a branch where long queues are a thing of the past, even during traditionally busy periods, where innovation not only drives convenience, but also has tremendous environmental benefits; and Read More →

South Africa Selects Gemalto for its National Electronic Identity Card Program

Gemalto will supply the Government Printing Works (GPW) of South Africa with Sealys eID cards for their national identity card program. GPW will harness Gemalto’s secure embedded software to protect Read More →

Absa Pilots Mobile Point-of-Sale Innovation

Barclays subsidiary, Absa has announced that its Payment Pebble, a mobile point-of-sale (MPOS) innovation, which aims to fundamentally transform the payment acceptance industry, is gearing up to enter its pilot Read More →

ABSA Launches Mobile Rewards Programme

Financial services Group Absa announced that South Africans on its Rewards programme can now instantly redeem their cash rewards on the mobile banking platform, Absa.mobi. Through the Absa.mobi site, Absa Rewards Read More →

SIM Swap Fraud Growing in South Africa

SIM Swap Fraud is a term that has been doing the rounds in the South African media lately. It is a new style of cell phone banking fraud which uses Read More →

Capitec Bank Responds to Business Times Article and Credit Market Concerns

Capitec Bank has issued a statement to say that they do not agree with the comments in the Business Times article by Thekiso Lefifi titled 'Capitec bubble about to burst?'.  They Read More →

South African E-banking Survey Reveals Surge in Mobile Banking

Online research specialists Columinate have released the results of the second annual Internet Banking SITEisfaction survey, a report on customers' usage and perceptions of e-banking in South Africa. The survey Read More →
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