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GCB Bank Makes Strong Showing Despite Industry Challenges

The MD of GCB Bank, Anselm Ray Sowah has stated that GCB’s strong performance has increased significantly despite the challenges in the banking industry. He explained that the Bank had Read More →

Standard Bank Introduces New Bank Account – MyMo

Standard Bank is leveraging its digital capabilities to create superior digital platforms that enhance customer experience and enable easy and affordable access to banking services. As part of this, the Read More →

Payments Partnership to Create the Next Generation of ATM Services

Altron Bytes MS and Renovite to deliver 21st century ATM services. Leading technology firm Altron Bytes Managed Solutions (Altron Bytes MS) and payments specialist Renovite Technologies have announced a new strategic Read More →

KOKO Launches First Network in Nairobi

Venture-backed technology company KOKO Networks today launched its first network of 700 “KOKOpoints” inside neighbourhood shops across Nairobi. KOKOpoints are multi-purpose consumer access machines, combining a fuel ATM, an e-commerce Read More →

Online Banking Fraud Keeps Banking Ombudsman On Its Toes Two Years Running

The Ombudsman for Banking Services (OBS) has released its Annual Report highlighting some interesting statistics for its operations for 2018. Key highlights for the year are:

SARB Announces the Adjustment of Interchange Rates for Transactions Emanating from ATMs

The purpose of this communiqué is to announce the adjusted interchange rates for automated teller machines (ATMs). The South African Reserve Bank (SARB) annually reviews interchange rates for transactions emanating from Read More →

RBR Research Reveals that the Number of ATMs Worldwide Drop as Demand for Cash Decreases

Brand-new research shows that the number of ATMs installed worldwide fell by 1% in 2018, to stand at 3.24 million, impacted by branch closures and the rising popularity of mobile Read More →

RBR Report Reveals Smart ATM Deposits are Continuing to Grow

Popular with both banks and customers, smart ATM deposit continues to grow 1.2 million ATMs worldwide now offer automated note deposit, as banks look to reduce costs and improve customer Read More →

FSS Makes Strategic Investment in Africa-based Ecentric Payment Systems

FSS (Financial Software and Systems), a global PayTech company, has announced a strategic investment in Ecentric Payment Systems, a Standard Bank subsidiary and a leading payment processor in South Africa. Read More →

Off-Site ATMs Playing Increasingly Vital Role in Financial Inclusion – RBR

There were 3.3 million ATMs worldwide at end-2017, of which 51% were located away from branches. The number and share of off-site ATMs continue to increase, with over 15,000 Read More →

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