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Southern Africa

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 →

Finteq Partners with Zimswitch to Deliver a Domestic Interbank Payment System

Leading Software development company, Finteq have announced a giant leap forward for Zimbabwe’s payment system. The company’s most recent deal is with Zimswitch Zimbabwe in order to facilitate the delivery of 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 →

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 →

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