First National Bank Namibia has announced today that UnionPay cards are now accepted at all FNB Point of Sale terminals nationwide. “This means that close to 4500 FNB merchant terminals now enabled for UnionPay cardholders around the world to enjoy easy, convenient and secure payment experiences when visiting Namibia, from shopping, dining, to transportation and
UnionPay International announced today that the partnership with Steward Bank Limited (Steward Bank), which is the one of the largest banks in Zimbabwe, to issue 150,000 UnionPay international prepaid cards and 50,000 inclusive debit and credit cards. The international prepaid cards will be used by Zimbabweans traveling abroad, while the debit cards will be used
AfrAsia Bank, headquartered in Mauritius with a representative office in South Africa has chosen Oracle Human Capital Management (HCM) Cloud Application to deliver an exceptional employee experience, retain best talent and be recognised as an employer of choice. Under this implementation, the bank created a single point of truth for its 400 employees providing more
First National Bank (FNB) has launched a new functionality on its banking app that enables customers to shop directly from the app. The eBucks Shop, which was previously only accessible on the eBucks website, offers customers exclusive pricing for products ranging from tech and gaming to appliances and outdoor. FNB is the first bank to
Standard Bank Group has appointed Mr. Tau Mashigo as its new Chief Technology Officer (CTO), effective 1 April, reporting to the Chief Information Officer (CIO). Mashigo will drive and support Standard Bank’s strategic intent to become a fully digital organisation and assist in the transition to Cloud technology. The digitisation and data strategy will see
The country’s leading retail bank has once again ensured a solid set of financial year end results, driven by its simplified and transparent banking solution delivered through innovative technologies. The bank’s offer, built on its commitment to making banking affordable, easy to access and delivered through a personalised experience, continues to resonate with clients. Their
SASSA completed the switch over to its new gold card in December 2018 and managed to swap over 7 million old cards for its new card. The rest have filled in the bank transfer form and receive their grants directly through their private bank accounts. Over 12 million beneficiaries receive social grants in South Africa.
The Prudential Authority (PA) has imposed administrative sanctions on Bidvest Bank Limited (Bidvest Bank) for non-compliance with the provisions of the Financial Intelligence Centre Act 38 of 2001, as amended (FIC Act). The FIC Act mandates the PA, in terms of section 45, to supervise and enforce compliance with the provisions of the FIC Act
At the recent Blockchain Africa conference in Johannesburg, Investec, in collaboration with BankservAfrica and uPort, demonstrated a digital identity system anchored in the Ethereum blockchain. The initiative was born in the digital identity working group of the SA Financial Blockchain Consortium (SAFBC). The identity system enabled each conference attendee to create an individual identity by
Finn AI, the world’s leading AI-powered conversational banking technology provider, announces that TymeBank in South Africa has launched Max, a financial fitness coach within their TymeCoach offering. TymeBank partnered with Finn AI to develop Max, a conversational assistant dedicated to helping consumers learn about their money including how they can enhance their financial profile, improve
