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South Africa

Launch of the Intergovernmental Fintech Working Group (IFWG) Innovation Hub

Innovation Hub launched to promote responsible innovation in the South African financial sector South Africa’s financial regulators today launched the Intergovernmental Fintech Working Group (IFWG) Innovation Hub to respond to changes Read More →

SARB On Regulatory Relief Measures and Guidance to the Banking Sector in Response to COVID-19

The impact of the coronavirus disease 2019 (COVID-19) is likely to have a lasting and detrimental effect on the economy. While the depth and length of the economic downturn remain Read More →

Standard Bank Launches Covid 19 Chatbot

Standard Bank South Africa has launched a chatbot on WhatsApp to keep its customers up to date with its services, debt relief offerings and other important information relevant during this Read More →

Top Executives at Standard Bank Heed the President’s Call for COVID-19 Donations

Standard Bank is fully behind the initiatives by the South African government to fight the spread of the COVID-19 virus and supports the call by President Cyril Ramaphosa for private Read More →

Capitec Bank Remains Resilient and Agile

Capitec Bank once again reported consistently strong financial results for the period up to end February 2020. Headline earnings increased by 19% to R6,28-billion driven by strong client growth (over Read More →

Investment Priorities of African Banks and Merchants Revealed in 2020 Digital Payments Survey

OpenWay, a global vendor of digital payment software, partnered with technology analyst house Ovum (now Omdia) to conduct the 2020 Digital Payments in Africa survey. Key retail banks and merchants in Read More →

Fintech Disruptors Set to Shake Up South African Financial Services Especially Through the Current Covid-19 Crisis

There are more than 12 000 FinTech companies operating across the world, and Goldman Sachs estimates the global FinTech market to be worth $4.7 trillion. With so much innovation taking Read More →

Expect Big Growth in Contactless Payments as Businesses Pivot to Digital

South Africa can expect significant growth in contactless payments on the back of Covid-19. It is also likely that the public’s newfound (and sensible) aversion to contact will spur additional Read More →

Ubank Lending a Helping Hand to Customers to Ease the Impact of COVID-19

The coronavirus disease 2019 (COVID-19) is increasing at an alarming rate, with South Africa’s infection cases close to one thousand seven hundred and eleven fatalities as of 6 April 2020. Read More →

NCR: Consumers Advised to Use Their Credit Life Insurance for Relief

As South Africa is battling with the impact of COVID-19 on the economy, many consumers have been left with the inability to earn an income. Some are unemployed whilst others Read More →

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