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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 →

Michael Jordaan to Step Down as CEO of South Africa’s First National Bank

The Board of FirstRand Limited announced that Jacques Celliers will succeed Michael Jordaan when he steps down as CEO of First National Bank at the end of this year to Read More →

Earthport Builds on Cross-Border Payments Network with First Route into North Africa

Earthport, the UK listed cross-border payments service provider, today announced the roll out of a fully automated payment service into Morocco. According to the release Morocco is one of the top Read More →

Diamond Bank Group Managing Director/CEO, Wins USAfrica International Banker Of The Year 2013 Award

Dr. Alex Otti, the Group Managing Director/CEO of Diamond Bank, has won the USAfrica Best of Africa 1st International Banker of the Year 2013 award. The trophy was handed to Dr. Read More →

Kenyan Banking Sector Records Improved Performance in 2012

The Central Bank of Kenya says that generally, the banking sector was sound and stable and recorded improved performance in 2012 as indicated by Total net assets which increased by Read More →

Visa Mobile POS Boosts Travel and Tourism Businesses in South Africa

Visa’s new mobile point-of-sales (mPOS) device that makes it much easier and cheaper for smaller and medium enterprises (SMEs) to accept card payments, was showcased at the Visa stand at Read More →

Cambria Africa to Put US$2m into Payserv to Grow Payment Systems Offerings in Zimbabwe and Zambia

Cambria announced it has executed agreements with a subsidiary of Johannesburg based Nisela Capital (Nisela) relating to the placement of US$ 2 million in convertible debt into its Payserv subsidiary. Half Read More →

ABSA Launches Multi-Currency Prepaid Travel Card

Absa Bank, a subsidiary of Barclays has launched Multi-Currency Cash Passport - South Africa’s first reloadable prepaid travel Multi-Currency Card. The card allows cardholders to load multiple currencies on the same Read More →

Nedbank Expands into Mozambican Banking Industry with Banco Unico

Nedbank is entering the Mozambican banking market by acquiring an initial 36.4% shareholding in Banco Unico for $24.4m, subject to various conditions and regulatory approvals both in Mozambique and South Read More →

South Africa ATM Cash Withdrawal Trends

Consumer spending and ATM cash withdrawals decreased marginally in April, following a spike in withdrawal activity during the March holiday period, according to the latest statistics released by Spark ATM Read More →

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