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Southern Africa

Ten Million SASSA MasterCard Cards Issued to South African Social Grant Beneficiaries

MasterCard and the South African Social Security Agency (SASSA) announced that there are 10 million active SASSA Debit MasterCard cards in South Africa, following the introduction of the new biometric Read More →

Itron Enables Smart Gas Payment for South Africa’s EnviroFuel

Itron, Inc.  announced that it has delivered its smart payment solution for gas to EnviroFuel, a private gas utility, as a part of an initiative to provide alternative energy sources Read More →

Nedbank Group and the Bank of China Formalise Alliance

Nedbank Group and the Bank of China (’BoC’) have entered into a strategic business cooperation agreement to grow business flows between the People’s Republic of China (’China’) and Africa. The alliance Read More →

ATMIA Secures Survivor Extraordinaire Brett Archibald as Keynote Speaker for Cape Town Conference

The ATM Industry Association announced that survivor extraordinaire, Brett Archibald, who was rescued after over 28 hours lost at sea without a lifejacket, will be keynote speaker at the association’s Read More →

Xchanging Announces Financial Processing Services Agreement With Standard Bank

Xchanging, the business process, procurement and technology services provider, has announced it has won a new contract with Standard Bank. The contract will see Xchanging supplying financial processing services to Read More →

Bank of Namibia Approves the Application for a Banking Licence to e-BANK Limited

The Bank of Namibia has announced that e-BANK Limited was provided authorization under section 11 of the Banking Institutions Act, 1998 (Act No. 2 of 1998 as amended). The provisional Read More →

South African Development Community Payments System Goes Live

On Sunday 21 July, the SADC (South African Development Community) Integrated Regional Electronic Settlement System (SIRESS) was successfully implemented in a live environment for the four countries of the Common Monetary Read More →

Capitec, FNB and Nedbank Bank Accounts Most Popular with South African Consumers

In recent ThinkMoney research, Capitec, FNB and Nedbank were revealed as the leading consumer bank accounts in South Africa. This was according to nearly 7 000 bank account reviews written Read More →

Metbank and MasterCard Launch Zimbabwe’s First EMV Payment Cards

Metbank announced at an event held in Harare, that it has collaborated with global payments technology company MasterCard, to introduce Zimbabwe’s first EMV certified debit cards. Metbank will introduce Gold and Standard MasterCard Read More →

South Africa’s Banking Rewards Programs: A Comparison

South African banks are now all in full swing with their respective loyalty or rewards programs.  In a highly competitive banking environment, where the large South African banks Read More →

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