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
South African payment platform PayFast is exploring its options for launching in other African countries. HumanIPO reported earlier this month on Jonathan Smit, managing director at PayFast, speaking on credit card fraud in South Africa at the eCommerce Conference held in Sandton.Whereas in South Africa 80 to 85 per cent of the adult population is
South Africa and Kenya are leading the continent in embracing and adopting cashless payments, according to the results of a new global survey. Dubbed The Cashless Journey, the report shows that 43 per cent of South Africans, 27 per cent of Kenyans and 7 per cent of Egyptians, which came third in the continent, had
