The South African Social Security Agency (SASSA) has noted with concern the increasing number of fake SMSes that are being circulated to beneficiaries. In a recent incident the Agency has received reports that beneficiaries received an SMS instructing them to re-register their social grants because cash paypoints will be fully phased-out by August 2018. The
Shoprite has announced the launch of Shoprite Money – a new mobile transactional banking service which is available to everyone in South Africa, even those without existing bank accounts. Using their Shoprite Money mobile wallet, this new service will enable customers to deposit, withdraw or send money as well as buy groceries at any of
FNB has announced that SMEs can now completely switch or open a new bank account in less than five minutes through selfie authentication and digital KYC on the FNB App. This paperless cheque account opening process uses biometric technology to validate the business and its owner, allows the SME to order and courier new cards,
Vendibit, a South African blockchain company, proudly announced re-opening and rebranding of Africas very first “VTM”, a “cryptocurrency-ATM”, sometimes called a BTM, upgraded with Vendibit blockchain technology. The machine originally launched in 2014 to offer Bitcoin purchases will be available to the public and demonstrates how easy it can be to purchase digital currencies like
nChain and Centbee announced a partnership which will ensure the speedy development of a merchant point of sale (PoS) software development kit (SDK) for the worldwide market. This SDK is an open-source set of tools, processes and interfaces that software developers and system integrators can use to enable retailers to easily and quickly accept Bitcoin
FNB has become the first bank in South Africa to introduce a mini-ATM that uses biometrics as a means of validation for consumers. Known as TouchPoint, the device functions as a self-service kiosk from which customers can conduct transactional banking such as withdrawals, transfers and payments, view statements, purchase airtime and electricity and perform card
Mastercard, Pick n Pay and FoodForward SA have announced a close working collaboration that is committed to donating 1.2 million meals to South Africans in need through an initiative called Tap to Feed. Between 07 May and 20 July 2018, every time a consumer makes a purchase at Pick n Pay with the ‘Tap &
SABRIC, the South African Banking Risk Information Centre, on behalf of the banking industry has released its Card Fraud Stats for 2017 which reflect an overall decrease in card fraud. Debit card fraud decreased by 8.5% while credit card fraud increased by 1%, from R434.0m in 2016 to R436.7m in 2017. SABRIC CEO, Kalyani Pillay
First National Bank (FNB) announced the launch of eWallet eXtra, a mobile bank account that allows unbanked and underbanked South African consumers to use a feature phone or a smartphone to open a bank account without ever walking into a branch. eWallet eXtra will have no monthly fees and consumers are not required to submit
Leading Software development company, Finteq have announced a giant leap forward for Zimbabwe’s payment system. The company’s most recent deal is with Zimswitch Zimbabwe in order to facilitate the delivery of a modern domestic interbank payment system. Scheduled to be delivered in a series of phases, this system will support batch processing of debit and
