After more than a year spent building anticipation, Nettcash has officially launched its mobile money service. As most people had noticed for more than a year now, Nettcash has established an online presence with a website that gave an outline of their products (albeit with a coming soon tag) as well as a subtle offline
A number of key dynamics and developments are likely to substantially alter the global operating landscape for retail banks by 2020, according to a PwC report titled ‘Retail Banking 2020: Evolution or revolution’. Just over half of global bank executives (55%) surveyed believe that non-traditional players pose a threat to the traditional retail banking industry.
South African-based Net1 Mobile Solutions, is showcasing its secure prepaid mobile solutions designed for the utilities sector at this year’s African Utility Week held in Cape Town this week. “The benefits of a prepaid electricity system are obvious” said Philip Belamant, Managing Director of Net1 Mobile Solutions. “Consumers can plan their purchase and consumption of
Steward Bank has launched a suite of innovative Diaspora Banking products targeted at Zimbabweans living, working or studying abroad. The Diaspora Banking products allow Zimbabweans outside the country to carry out day-to-day banking transactions with their Steward Bank account from where they live, work, or play across the world. Presently, customers in the diaspora will
Nedbank’s sustainable turnaround of its retail business has received international recognition from both The Asian Banker and African Banker magazine. Last month Nedbank was named Best Improved Retail Bank (Middle East and Africa region) by The Asian Banker and also received awards for Best Customer Relationship Management and Best Brand Building Initiative in Africa for
SWIFT has announced that Banco Nacional de Angola is implementing SWIFT’s Sanctions Screening service to help the country meet its financial crime compliance obligations. SWIFT Sanctions Screening is a cloud-based subscription service that filters messages in real time and checks against customers’ selected sanctions lists. Once active, the Sanctions Screening service automatically routes messages in
Location based services (LBS) has allowed FNB to offer Banking App users the ability to locate ATMs and branches and make GeoPayments, cashless, person-to-person payments, with just 3 taps and a pin. This service, launched by FNB on the Banking App in May 2012, was the first ever near-field, person to person payment technology in
While banking and payments is still considered a mainly a ‘boy’s club’ with few women holding top positions both in Africa and internationally we thought we would highlight some of the woman who are making their mark in the African banking and payments landscape. 1. Maria Ramos – Chief Executive of Africa, Barclays Maria Ramos
Card and ePayment Africa Awards is an annual Pan Africa event with focus on technological advancements and innovation within the ePayment space. It provides a platform for all stakeholders in the industry to be recognized, rewarded and celebrated. The Award dinner and ceremony was held at the prestigious Michelangelo hotel in Johannesburg on the eighteen
Online ticketing in South Africa is a growing industry as more and more people, both young and older generations, move towards buying their tickets via the web. The use of mobile technology, using your cellphone or tablet, to purchase tickets to music, theatre or cultural events is booming and several mobile sites have been developed
