Cambria Africa to Put US$2m into Payserv to Grow Payment Systems Offerings in Zimbabwe and Zambia

Cambria announced it has executed agreements with a subsidiary of Johannesburg based Nisela Capital (Nisela) relating to the placement of US$ 2 million in convertible debt into its Payserv subsidiary. Half the proceeds of the financing will remain with Payserv, the other half will flow to Cambria. Proceeds of the financing will be used to

ABSA Launches Multi-Currency Prepaid Travel Card

Absa Bank, a subsidiary of Barclays has launched Multi-Currency Cash Passport – South Africa’s first reloadable prepaid travel Multi-Currency Card. The card allows cardholders to load multiple currencies on the same card. Cardholders can currently load up to four currencies on the easy-to-use card: US dollar, British Pounds, Euro and the Australian Dollars. More currencies

South Africa ATM Cash Withdrawal Trends

Consumer spending and ATM cash withdrawals decreased marginally in April, following a spike in withdrawal activity during the March holiday period, according to the latest statistics released by Spark ATM Systems. The Spark Cash Index (SCI), which measures the average value of cash withdrawals across more than 2 000 Spark ATMs throughout the country, revealed

South Africa’s FNB Has The Most Popular Banking Website In Africa

In its most recent survey of web users, Alexa (www.alexa.com) noted that FNB was the only banking website in the top 10 sites in Africa and was the most popular banking website on the continent. Typically, national or regional news-based websites dominate the top 10. As a specialised banking site primarily aimed at the bank’s

Angola’s Biggest ATM Operator Selects Wincor Nixdorf for IT Service Management

wincor nixdorf logo

Angola’s leading ATM network operator will in future be using Wincor Nixdorf’s ProView software to handle IT service management for its 2000 self-service systems. EMIS, a company that is majority-owned by Angolan banks, aims to use the solution to improve the availability of the systems.   At the same time it is expected that the

FNB Launches Next Generation Banking App for Tablets

The next generation App is the first Banking App in South Africa that allows new and existing customers to open an account in real time, directly from the App. FNB has released a new Banking App customised for tablet devices, complimenting a much larger tablet device strategy for the Bank. From today, the App is available

Absa Launches App for Retail and Business Customers

Absa

Financial Services Group Absa Bank has launched its much-anticipated App as part of its strategic digital journey, which forms part of its ambition of becoming the Go-To bank in South Africa. The App builds on a strong foundation of infrastructure developments while leveraging shared global resources to deliver value to customers. The technological capability built

FNB Enables Money Transfer to Zimbabwe through Cellphone Banking

FNB has launched a service for FNB customers in SA to send money to residents in Zimbabwe using its Cellphone Banking channel. “FNB’s Zimbabwe Money Transfer service is more convenient and economical than anything else offered in the market,” says Yolande van Wyk, Head of Digital and Alternative Banking for FNB Africa. Recently, research data

PASA Mandates 3D Secure for all Online Payments

The Payments Association of South Africa has mandated the implementation and usage of 3D Secure for all merchants that process Card not Present transactions.  The first implementation date was the 2nd of April 2013. The need for additional protection against unauthorised use of cards arose due to the significantly increasing fraud in this area.  It