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South Africa

Black Friday Card Sales Reach 4.8 Million Mark – BankservAfrica

Debit and credit card transactions reached 4.8 million during this year’s Black Friday. This represents a 4% year-on-year growth on 2017’s 4.7 million, according to BankservAfrica, Africa’s largest automated payments Read More →

SARB Releases Invitation to Comment on the National Payment System Act Review Policy Paper

National Treasury and the South African Reserve Bank (SARB) today published a policy paper titled ‘Review of the National Payment System Act 78 of 1998’ for public comment. A national Read More →

SWIFT gpi – Unlocking The Future of Correspondent Banking

The payments industry faces immense pressure on multiple fronts. Waves of technological advances, regulatory scrutiny, and changes in consumer and client behaviours and expectations, are having a significant impact on Read More →

FNB Unveils ‘Tap and PIN’ at ATM to Grow its Contactless Ecosystem

FNB is growing its contactless ecosystem by becoming the first bank in South Africa to offer consumers the convenience and safety of ‘Tap and PIN’ on ATM transactions. The innovation allows Read More →

FNB Partners with FinTech Distribution Platform to Help Reach the Informal Economy

First National Bank (FNB), a division of FirstRand Bank Limited, has announced its partnership with Selpal, a South African FinTech company that operates specifically in the township and informal economy, Read More →

Discovery Introduces The World’s First Behavioural Bank

Financial services company, Discovery, has announced details of its new banking offering. Described as the world’s first behavioural bank, the fully digital bank leverages Discovery’s Shared-Value model, and can be Read More →

Stanchion Partners with Retailers to Make Payments Seamless

Easy and seamless payments are one of the key concerns for large retailers. As new technologies emerge, and the payments ecosystem evolves, retailers must stay ahead of customer expectations around Read More →

Bank Zero Starts First Trial Runs

The Government Gazette of 7 September officially announced that Bank Zero had been registered as a mutual bank effective 17 August 2018. Michael Jordaan, co-founder and chairperson of Bank Zero, Read More →

Kaspersky Lab Helps Build Skilled Capacity with SABRIC

Kaspersky Lab has concluded a memorandum of understanding (MOU) signed with the South African Banking Risk Information Centre (SABRIC) in October 2017 and plans to renew the MOU for a Read More →

African Fintech Unconference 2018: Driving Industry Collaboration & Progress

Late last month, innovators and industry leaders gathered at the Spier Wine Farm in Stellenbosch for the second annual African Fintech Unconference (AFU18). The groundbreaking industry event was co-convened by Read More →

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