FNB announced that it has become the first bank to offer its own SIM cards to its customers from 15 June 2015. Currently FNB offers ADSL and 3G data rewards through its FNB Connect offering, which will now be expanded to include mobile voice and data products. The bank is already established in the telecommunications
Steward Bank, a subsidiary of Econet Wireless has introduced a new banking concept. The new model, known as correspondence banking, is a system where a financial institution provides services on behalf of another equal or unequal, financial institution. Through correspondence banking, the financial institution can conduct business transactions, accept deposits and gather documents on behalf
FirstRand Bank announced the official opening of its regional head office in Umhlanga, Kwazulu Natal. The first phase of the office development, valued at R430 million has been named Acacia House and is the provincial headquarters of the various divisions in FirstRand, namely: First National Bank, Rand Merchant Bank and WesBank, as well as its
FNB has taken the top spot in the Columinate Internet Banking SITEisfaction Survey, which measures internet banking quality and user experience in South Africa. At an overall score of 75 points FNB emerged as the best online banking platform in 2015. Dione Sankar, Head of FNB Online Banking, says, “Our core focus has always been
Zazoo, previously referred to as Net1 Mobile Solutions, a financial services provider in the mobile space, has launched its Utility Vending System at African Utility Week (AUW) held in Cape Town. This turnkey vending solution simplifies tariff management and consumer arrears collection, allowing utilities and municipalities to manage prepaid vending for electricity, water and gas
In general, businesses are increasingly exposed to risks associated with handling cash, leading to the need for comprehensive insurance cover which consumes a sizeable amount of business profits. According to Kabir Dhupelia from FNB Cash Solutions, businesses should make use of new and advanced solutions to protect themselves when handling cash. “Even though there has
Plenty of progress has been made on increasing the size of Africa’s banked population. The trouble is, from the amount of noise that is made about the topic, you would be forgiven for thinking we had fixed the problem when we really haven’t. According to the World Bank, today, 62 per cent of the world’s
Gemalto, the world leader in digital security, is supplying Saracens, one of the UK’s most successful rugby union clubs, with prepaid wristbands that offer fans speedy and secure contactless payment for food and drink at its Allianz Park stadium in north London. The pilot project marks the first step towards deployment to all season ticket
Malawi took a significant step towards creating a digital payment ecosystem in order to address poverty and drive inclusive growth. An event organized by the Government of Malawi with the United Nations Capital Development Fund’s (UNCDF) Better Than Cash Alliance and Mobile Money for the Poor initiatives brought together digital payments players to accelerate the progress
As e-commerce continues to gain popularity across the African continent, more effort needs to be paid towards facilitating flawless delivery to customers. This is further supported by the Global e-Commerce Logistics 2015 report which reveals that e-commerce logistics is rapidly changing to keep pace with this quickly evolving market. This is according to Sumesh Rahavendra,
