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South African Reserve Bank Launches Report on Project Khokha

Project Khokha is a proof of concept designed to simulate a ‘real-world’ trial of a distributed ledger technology (DLT)-based wholesale payment system. The project focussed on providing participants practical experience Read More →

SASSA Responds to Fake SMSes that are Being Circulated to Beneficiaries

The South African Social Security Agency (SASSA) has noted with concern the increasing number of fake SMSes that are being circulated to beneficiaries. In a recent incident the Agency has Read More →

Shoprite Launches New Banking Service ‘Shoprite Money’

Shoprite has announced the launch of Shoprite Money - a new mobile transactional banking service which is available to everyone in South Africa, even those without existing bank accounts. Using their Read More →

FNB Introduces Selfie Authentication in Account Opening

FNB has announced that SMEs can now completely switch or open a new bank account in less than five minutes through selfie authentication and digital KYC on the FNB App. This Read More →

Africa’s First Vendibit-Blockchain Teller Machine Launches in South Africa

Vendibit, a South African blockchain company, proudly announced re-opening and rebranding of Africas very first "VTM", a "cryptocurrency-ATM", sometimes called a BTM, upgraded with Vendibit blockchain technology. The machine originally Read More →

Centbee and nChain Partner to Create Toolkit to Accept Bitcoin Cash at Point of Sale

nChain and Centbee announced a partnership which will ensure the speedy development of a merchant point of sale (PoS) software development kit (SDK) for the worldwide market. This SDK is Read More →

FNB Launches South Africa’s First Biometric Mini-ATM

FNB has become the first bank in South Africa to introduce a mini-ATM that uses biometrics as a means of validation for consumers. Known as TouchPoint, the device functions as a Read More →

Pick n Pay and Mastercard partner to Donate 1.2 Million Meals to South Africans

Mastercard, Pick n Pay and FoodForward SA have announced a close working collaboration that is committed to donating 1.2 million meals to South Africans in need through an initiative called Read More →

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 →

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