South African banks are now all in full swing with their respective loyalty or rewards programs. In a highly competitive banking environment, where the large South African banks are doing whatever they can to attract customers across all LSM’s, rewards programs can be used to ensure that existing customers are not tempted to switch banks.
Angola’s economy is expected to expand by 7% to 9% a year over the next decade. It’s one of the fastest growth rates in the world, yet the country’s financial sector is just keeping pace. So it may seem a bit ambitious for Standard Bank de Angola to aim even higher. As part of Africa’s
Econet Wireless’ mobile money service, EcoCash, has jumped off the starting blocks registering 31% of Zimbabwe’s adult population in just 18 months. EcoCash accounts already outnumber all of Zimbabwe’s bank accounts combined. How has EcoCash achieved such early success? They have combined effective operational execution with an unusually high degree of investment and organisational focus.
The South African eCommerce Conference will be held on 11 September 2013 at the Sandton Convention Centre and promises to be an educational and inspiring event focussing on all aspects of eCommerce in relation to the local market. uAfrica.com has secured a phenomenal line up of speakers from the likes of Google, Bidorbuy, Mxit, Aramex,
FNB’s online banking platform has once again walked away with top honours in the 13th edition of the PwC survey on banking in South Africa 2013. This follows on the previous PwC survey in 2011, where FNB was also awarded first place. “The banking industry is dynamic and has evolved significantly since our last survey
An innovative new banking idea is taking hold in Zimbabwe. At Zimbabwe’s first Cattle Bank you can deposit animals as collateral against cash loans. A large portion of rural Zimbabwe is still unbanked and many people hold their wealth in the cattle they own. The Cattle Bank allows them to get and utilise monetary value
The latest MasterCard Online Shopping Survey has revealed that a substantial 91% of South Africans who shop online are highly satisfied with their overall experience, a 4% increase from the 87% who said the same thing in the 2012 survey. A further indication of South Africans’ positive sentiment for online shopping is that 76% of
Although latest cash withdrawal statistics released by Spark ATM Systems, indicate that the national average cash withdrawal values remained static during the month of May, ATM activity recorded at farming locations, however, revealed the highest month-to-month increase across all locations. The Spark Cash Index (SCI), which measures the average value of cash withdrawals across more
Cross-border cheques and bank drafts within the Common Monetary Area (CMA) are being phased out with effect from 22 July 2013 and will no longer be accepted by any banking institution within the CMA. The CMA includes Namibia, South Africa, Lesotho and Swaziland. For Namibian clients it means that, as from the 22nd of July
eCentric Switch, a leading South African Payment Service Provider announced that it has joined the PCI Security Standards Council as a new Participating Organization. eCentric Switch will work with the Council to achieve and improve payment data security worldwide through the on-going development of the PCI Security Standards, including the Payment Card Industry Data Security
