Fundtech, a market leader in global transaction banking solutions, announces that Standard Bank has selected Fundtech’s cash management solution, Global CASHplus, to provide real-time liquidity management, cash flow forecasting, and balance reporting services to its corporate customers. It will give the bank the ability to provide its corporate customers with improved liquidity through full visibility
Vodacom together with Eduloan, a leading education finance and bursary administration provider is giving students the ability to pay for educational and daily expenses from their bursary cash stipends, by using m-pesa’s mobile wallet. In the pilot phase, Eduloan bursary students will get their cash allowance deposited into their m-pesa mobile wallet. This will enable
The South Africa Banking Risk Information Centre (SABRIC) CEO, Kalyani Pillay says that bank customers must be wary when being told that a certain supplier has changed their banking details and must thoroughly verify if the details have indeed changed. The scam operates by an innocent recipient receiving an email/letter informing them that their particular supplier
Capitec Bank posted headline earnings growth for the six month period to end August 2014 of 21%. Headline earnings per share was also up 21% to 1018 cents. An interim dividend per share of 246 cents was declared, up from 203 cents a year ago. The bank reported that income was driven by client growth,
Telecoms operator, Telecel Zimbabwe, is partnering with local insurance company, Zimnat Lion, to roll out a mobile insurance product that offers Telecel subscribers Funeral, Hospitaland local and international Travel Cover through their Telecel lines. The new service, called Telecare, offers an affordable and convenient package to cover most basic needs. Telecare insurance will bring safe,
Solidarity Research, a division of trade union solidarity has released their annual Bank Charges Report. The report does a comparison of bank fees across South Africa’s top 5 banks, Standard Bank, Absa, FNB, Nedbank, and Capitec Bank. Their research found that Capitec bank has the lowest bank charges for personal transactional accounts, even for clients
The latest version of the FNB Banking App for smartphones now offers customers the ability to send money across the border from South Africa to Zimbabwe and Mozambique. Since its launch three years ago, the banking App has seen rapid uptake in users and transactions, making the introduction of the cross-border money transfer service on
Gemalto, the world leader in digital security, has launched Ezio Armored Application, an entirely software-based solution that enables banks to quickly deploy secure eBanking applications on any PC. Ezio Armored Application secures eBanking end users against the latest generation of fraudulent and malicious cyber-attacks. In addition, the solution is particularly efficient, reducing the time of
Webtickets, South Africa’s market leader in integrated online ticketing solutions, has expanded its online ticketing business into Southern Africa owing to demand from clients. It recently started operating in Zimbabwe and one of its biggest ticketing sales events has included the recent 2014 Zimbabwe Tri-Series one-day international (ODI) cricket tournament, which took place from 25
Since 2005, Spark ATM has grown to be South Africa’s leading independent ATM network, with over 2 500 cash machines in some of the country’s most remote areas – all built on the basis of a uniquely lean, low-cost business model that has enabled it to put ATMs where nobody else can. “Many of our
