A year after sharing a bold vision to enable instant and frictionless transactions from one account to another anywhere in the world, SWIFT underlines major progress in realising this vision in 2021. SWIFT has delivered on many commitments, including transforming the speed and transparency of low-value payments, removing key frictions by validating payments upfront, and
More than 10 million customers now bank with Standard Bank in South Africa. Since the start of the year 1 million new customers have joined Standard Bank. Customers are signing on to Standard Bank services taking advantage of access to digital services and offerings. Standard Bank has ensured that is has rapidly transformed its digital
The South African Social Security Agency (SASSA) is pleased to announce significant progress in migrating beneficiaries of social grants from the old SASSA card to the new gold SASSA card. The old white SASSA card has reached expiry date and it however deeply concerns SASSA that some beneficiaries are still holding on to the old
The Bancassurance service will be rolled out in phases, starting with Benin, Burkina Faso, Congo Brazzaville, Côte d’Ivoire, Gabon, Guinea Bissau, Kenya, Mali, Nigeria, Tanzania, Togo, and Uganda Ecobank Group’s (www.Ecobank.com) Commercial Banking business has partnered with five insurance companies (OLD MUTUAL, ALLIANZ, SUNU, SANLAM & NSIA) to offer a range of Bancassurance solutions to
On 1 November this year, South Africa welcomed the introduction of the DebiCheck payment system to tighten measures against debit order fraud and abuse. But as with many new policies and procedures, there has been adoption, but it is far from universal. According to Andrew Springate, CEO of PAYM8, a technology and financial gateway service
FNB’s mobile virtual network operator, FNB Connect, has partnered with Vox Telecom to launch a fibre solution to help SMEs with their telecommunications needs. FNB Connect is also introducing new software vouchers, including Microsoft 365 and antivirus solutions such as McAfee and Norton, that FNB and RMB Private Bank customers can access via their banking
The Flooid Unified Commerce Platform provides cornerstone for future innovation across Woolworths South Africa stores and restaurants Leading sub-Saharan African retailer, Woolworths South Africa, has completed an overhaul of its store Point of Sale system with global unified commerce platform provider, Flooid, to support long-term technology plans. During the past 24-months, Woolworths SA has fully implemented new
– Complete environment ready for customer testing – Available 12 months before migration period begins – Suite of test services includes network-based ISO 20022 to MT (‘in-flow’) translation – Production services will support the industry’s adoption of the new standard SWIFT today announces the availability of its new In-flow Translation service and confirms that it
Entersekt, a global payment security company headquartered in Cape Town, today announced a strategic investment from Accel-KKR, a leading technology-focused private equity firm. The investment will enable Entersekt to accelerate its roadmap and fuel expansion into new markets. Rand Merchant Investment Holdings (JSE: RMI) through AlphaCode, RMI’s incubator for fintech entrepreneurs has led two previous
Ecobank Group, the leading pan-African banking group, announces that Jubril Mobolaji Lawal has been appointed as Regional Executive and Managing Director designate of Ecobank Nigeria, subject to the approval of the Central Bank of Nigeria. The appointment is made ahead of Patrick Akinwuntan’s upcoming retirement, due to him reaching retirement age in January 2022. Mobolaji
