It’s a major concern for banking customers worldwide in this time of a global pandemic – how can they access their daily banking needs without touching surfaces such as ATMs? CR2 (www.CR2.com) enables you to respond to these concerns and allow your banking customers to withdraw cash without physically touching the ATM, by simply
FNB has been voted as the best employer brand on LinkedIn for above 500 employees in the 2021 LinkedIn Talent Awards. The 2021 LinkedIn Talent Awards recognises companies worldwide that have demonstrated remarkable adaptability, innovation, and creativity in the talent space. Donald Khumalo, FNB HR Executive says “We are excited to be voted as one
South African expense management solution SlipMate has announced that it has enabled e-commerce functionality for its Mastercard corporate prepaid cards, a first-of-its-kind integration for the South African market. SlipMate is an intelligent expense management solution designed by Innervation Rewards that enables South African companies to reconcile employees’ corporate expenses from their Mastercard prepaid corporate card,
New patterns emerge as online shopping evolves PayU, the emerging market payments leader, reveals that everything from the late-night shopping frenzy, to payment methods, to basket size has changed when it comes to Black Friday. Despite a significant increase of 30 percent in transaction volumes compared to last year, the total spend for the day
Innovation cycles are a key catalyst for growth and play a critical role in both entrepreneurship and economic development. The term ‘creative destruction’ was first coined in 1942 by economist Joseph Schumpeter. It refers to the dismantling of traditional business and economic models to pave the way for revolutionary technologies and innovative processes to improve
Female-led African venture capital fund Fills need for post-seed, pre-Series A funding for the African continent Aligned to President’s vision of a startup nation in South Africa Grindstone Ventures has launched a US $6.5m (R100 million) fund dedicated to seed funding predominantly South African innovative technology startups who have completed, or are part, of its
Proparco and Standard Bank signed two guarantee agreements for €28.5 million in Johannesburg during Proparco’s Deputy CEO, Djalal Khimdjee’s visit to South Africa. The guarantees are in line with the Choose Africa initiative to accelerate the growth of Micro, Small and Medium Enterprises (MSMEs) and entrepreneurship in Africa. Standard Bank will further support job creation
Standard Bank South Africa (SBSA) and UnionPay International (UPI) jointly announced that Standard Bank point-of-sale devices have been enabled for UnionPay contactless payment. The cooperation is a strategic move from UPI that follows the surging trend of the global contactless payment industry and accelerates the development of international mobile payment services. According to a survey
Following the South African Reserve Bank’s (SARB’s) decision to increase its repo rate by 0.25%, FNB will also lift its prime lending rate by 0.25%. The new rate will take effect on all prime-linked accounts from Friday 19 November 2021. FNB CEO Jacques Celliers says that “Today’s rate hike by the SARB is a sign
Andre Harmse, Product Manager of BankservAfrica’s Integrated Cash Management System (ICMS), shares some insights on the cash economy. As of September 2021, the number of bank notes and coins in circulation in South Africa amounted to R166 billion. Cash represents 2.7% of the country’s R6.1 trillion GDP, according to the South African Reserve Bank’s Quarterly
