There was a massive breach in South Africa’s banks last week resulting in tens of millions of rands in losses. The breach was caused by a malicious malware called Dexter which was unknowingly installed on the POS terminals of a number of fast food chains. It is believed that the malware was implemented by an
With the launch of the Pick n Pay smart shopper mobile app, customers can now access all the benefits of South Africa’s favourite rewards programme anytime. With about 12 million smart phones in circulation in the country, they¹re the one thing that many South Africans just can’t do without. With this in mind, Pick n
Absa Bank Limited and Absa Financial Services Limited, subsidiaries of Barclays Africa Group Limited, announced that Louis von Zeuner has resigned from the boards of Absa Bank and Absa Financial Services, with effect from the end of September 2013. Von Zeuner relinquished his full-time executive role as Deputy Chief Executive of Absa Group in December
Traveling abroad and sending money home by foreigners are just a few of the reasons people check currency exchange rates and money transfer services, only partially accounting for the rise in numbers of transactions in the last ten years. With an increasing number of companies offering these services, consumers are often at a loss as
In a previous article we discussed which big retailers are doing ecommerce in South Africa. With the word out that the South African ecommerce boom is on the way, we thought it would be a good idea to do a follow up article on which ecommerce sites are the popular in South Africa. In order
A little more than six months after the launch of its popular banking application for smartphones and tablet devices, financial services group Absa has added a first-to-market feature on its App with the ability to assign profile images for beneficiaries. The bank also revealed a number of unique and improved features to its App that
Three million Zimbabweans who use the EcoCash Wallet can now also operate a savings account. Econet Wireless has launched a new service called EcoCashSave, which allows an EcoCash customer to move money from their eWallet to an interest bearing account in a matter of seconds. Whilst banks generally do not give interest on deposits of
There’s not much of a limit on what you can buy online these days. Thing is, in South Africa at least, almost all of those ways involve having a bank account and, if you want things to be really simple, a credit card. But what if you could finance your online purchases with a single
At the ATMIA “Emerging New Africa” show, NCR Corporation in collaboration with Bytes Managed Solutions, launched NCR APTRA Interactive Teller, a new ATM-based technology that makes everyday banking transactions easier for customers by allowing them to complete more than 95% of typical branch transactions at the ATM assisted by a live remote teller, well beyond
In celebrating the 15th year anniversary of working together, Nedbank recognises the partnership it has established in 1998 with iVeri whose unique technology continues to be invaluable in enabling eCommerce. Pamela White, Head Corporate Card Services at Nedbank says, “We are proud to partner with iVeri to assist businesses improve efficiency, allowing for an environment where
