The use of pre-paid and virtual cards in developing countries While all of the above factors contribute to the appeal of virtual and pre-paid cards in Africa and other parts of the developing world, they also offer customers in these regions a number of other distinct advantages that may not be as pressing elsewhere on
Monthly account fees When reviewing the fees you pay on your bank account, the focus should not be solely on the actual monthly account fee but rather what you can do for that fee and the inclusive value offered. “If you have basic banking requirements, then a bank account with a very low monthly account
Most customers now bank outside of traditional banking hours. A high peak hour is between 8:00am and 09:00am The total number of unique Standard Bank universal banking IDs created to date is more than 600 000 Over R5.7 billion in value has been traded on Standard Bank’s Online Share Trading App to date Over 22 000
AFRRI report looks at eight countries from Sub-Saharan Africa, comparing various metrics to determine the maturity of the current financial services in each country, and highlighting areas of opportunity for formal retail banking. Produced by Calleo, a South African based marketing consultancy, in consultation with iVeri Payment Technologies, Africa’s leading payment solution provider, the report
An Introduction to P2PE Credit and debit cards are becoming increasingly popular methods of payment in South Africa, with consumers of all income levels finding them easier and more convenient than carrying cash. According to Euromonitor there are currently over 47 million debit and credit cards in circulation in South Africa, with an expectation of
What are your immediate goals in your new position? One of the reasons I joined PayU is that there’s a massive opportunity in front of us; for PayU, in the payments space and beyond, as well as in Fintech and in financial services in general – for merchants and consumers. At PayU we are multinational,
Adrè Schreuder, CEO of Consulta and founder of SAcsi, says that a three year trend indicates that Capitec has shown the greatest improvement in overall customer satisfaction, whereas Absa showed a turnaround last year although not being able to sustain the improvement in 2015. Standard Bank have shown marginal decline for the last two years.
