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South Africa

FNB Branches Leading Digital Banking Adoption

FNB says its branches are playing a pivotal role in introducing customers to digital banking channels in order to bank in a convenient and affordable manner. The bank revealed that over Read More →

SASSA Requests Extension of Suspension of Contract Invalidity

SASSA filed an affidavit with the Concourt to request an extension of the suspension of invalidity of the CPS contract. This is to allow SASSA to phase out CPS and Read More →

Visa Survey Reveals Consumers Are Ready to Say Goodbye to Passwords

A new Visa survey of 500 South Africans exploring awareness and perceptions of biometric authentication, confirms that consumers continue to have a strong interest in new biometric technologies that make Read More →

SASSA Paying Grants Without Using Contractor through Paymaster General Account

SASSA has successfully paid over 2 million beneficiaries who receive their grants from commercial banks. This was done today through their Paymaster General account which was opened recently. This move Read More →

Centbee Attracts Funding from nChain

nChain Group, the leading blockchain research and development firm, has taken an equity stake in Centbee, a Bitcoin wallet provider that makes it easy for a global consumers to acquire, Read More →

Michael Jordaan and Yatin Narsai launch New App-Driven Bank in SA

Bank Zero, a new app-driven bank, has been granted a provisional licence after a rigorous in-depth evaluation process by the South African Reserve Bank. The 45% black-owned bank is set Read More →

SASSA Rejects Allegations of Claims of over R1 billion by CPS

The South African Social Security Agency (SASSA) has rejected allegations of claims of over R1 billion by Cash Paymaster Services (CPS) based on the alleged breach of the terms of Read More →

FNB Enhances USSD Card Maintenance Functionality

FNB customers who actively use cellphone banking will now be able to fully maintain their bank cards without having to walk into a branch. The bank has enhanced card management functionality Read More →

Test Case on the Payment of Social Grants on Track

The South African Social Security Agency (SASSA) has today successfully initiated a test case to directly pay about 100 social grant beneficiaries using commercial bank accounts of their choice as Read More →

SASSA Paydays Normalise from January after December Early Payment

Social grants are usually paid from the first of every month except in December. As from January 2018 SASSA will pay beneficiaries who use banks, ATM's and merchant outlets from Read More →

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