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SABRIC: Release of Card Fraud Statistics 2017

SABRIC, the South African Banking Risk Information Centre, on behalf of the banking industry has released its Card Fraud Stats for 2017 which reflect an overall decrease in card fraud. Read More →

FNB Unveils a Mobile Bank Account for Unbanked, Underbanked Consumers

First National Bank (FNB) announced the launch of eWallet eXtra, a mobile bank account that allows unbanked and underbanked South African consumers to use a feature phone or a smartphone Read More →

BankservAfrica Processes Record Volume of Electronic Transactions in March

BankservAfrica, Africa’s largest automated payments clearing house, cleared the highest volume of electronic funds transfers (EFTs) on record in March of 89 million and at a value of R847 billion. Most Read More →

PayGate Re-brands, Extends Reach into Africa

In a further move to optimise its service offering, DPO Group (Direct Pay Online) will be rolling up its Southern African payment service providers (PSPs) into the consolidated brand of DPO PayGate. In August 2017, Read More →

AlphaCode Calls on SA to Become a Fintech Centre of Excellence

“Now that the South African Reserve Bank (SARB) has established a fintech programme to track and analyse developments, South Africa has all that is required to become a fintech centre Read More →

Capitec Releases Results for Year End February 2018

Capitec Bank’s most recent annual financial results for the year ending February 2018 shows that the bank’s strategy to grow its active client base to nearly 10 million – with Read More →

South Africa Launches 2025 Vision for its National Payment’s System

The South African Reserve Bank (SARB) published The National Payment System Framework and Strategy Vision 2025 which sets out the goals and strategies for the national payments industry, aimed at building Read More →

NCR Launches Innovative SelfServ 80 Series ATMs in South Africa

NCR Corporation, a global provider of omni-channel solutions, announced the launch of NCR SelfServ™ 80 Series, a new family of ATM solutions that will help financial institutions redefine the banking Read More →

BankservAfrica Lays Out the Essential Components of a Modernised Payments System

A modern payments system must not be ruled by what is considered essential in the current ecosystem. In a future where everyone will have their own digital store of value, Read More →

Mastercard Acquires Oltio to Accelerate Digital Payments Adoption in Middle East and Africa

Mastercard has completed its acquisition of mobile payments technology company Oltio from Standard Bank Group. The acquisition builds on Mastercard’s longstanding relationship with Oltio, a startup that pioneered and patented several Read More →

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