Standard Bank Group has been recognised once again for its accomplishments over the past year. This time round, the bank has secured prestigious country awards in South Africa, Lesotho, Zambia, Zimbabwe and Angola in the Bank of the Year awards for 2019. Regarded as the industry standard for banking excellence, The Banker’s (part of the
Absa Corporate and Investment Banking (CIB) claimed top honours in the 12th EMEA Finance African Banking Awards for 2019 when it was awarded Best Investment Bank in Africa; it also won Best Investment Bank in Botswana, South Africa, Tanzania, and Zambia as well the Best Equity House in Mozambique and the Best Loan House in
A year since launching, uKheshe, South Africa’s cheapest and most convenient QR cash card and micro transaction platform, has left an indelible imprint on South Africa’s unbanked and underbanked. The start-up, with over 300 000 users to date, has forged ahead with its financial inclusion strategy, receiving high praise and global recognition. Clayton Hayward, co-founder and
While thousands of South Africans travel to China each year for leisure and business purposes, transacting in the country can be a frustrating experience. The limited acceptance of other international bank cards forces travelers to first convert Rands to Renminbi and then carry that foreign currency in cash. While some credit card facilities are available,
uKheshe, a locally developed financial inclusion platform, has further enhanced its offering to the unbanked by collaborating with Mastercard to enable informal traders, street vendors and casual labourers to accept digital payments through Masterpass, Mastercard’s digital payment service. By combining their expertise and reach, the companies intend to boost financial inclusion, targeting the more than
Integration of mobile wallet with debit card a ‘holy grail’ for displacing cash, creating financial products for informal market. African fintech holding company Crossfin has made a strategic investment into mobile wallet platform My-iMali through its Crossfin Ventures angel investment arm. My-iMali, which was founded in 2018, provides lower-income consumers with the ability to transact
Standard Bank Group has been recognised once again for its accomplishments over the past year. This time round, the bank has secured prestigious country awards in South Africa, Lesotho, Zambia, Zimbabwe and Angola in the Bank of the Year awards for 2019. Regarded as the industry standard for banking excellence, The Banker’s (part of the
FNB has launched Easy Zero, a fully-fledged digital bank account with a card to allow customers to transact easily, conveniently and safely without paying a monthly fee. The mobile account was formerly known as eWallet eXtra. The revamped digital account will now have a branded FNB bank card, providing customers with free card swipes, cost-effective
In its 14th year of trading, and about to celebrate 15 years of excellence in 2020, Spark ATM Systems have officially laid down a marker in the ATM industry in South Africa, as the leading independent ATM deployer. Our ever-growing national network of ATMs can be found in every conceivable type of bank branch, retail,
In a move that is sure to have positive growth benefits for South Africa’s tourism industry, Nedbank and Fexco, a leading independent global provider of DCC and multi-currency (MCP) technologies, have announced an extension to their partnership that will see Fexco’s world class Dynamic Currency Conversion (DCC) solution provided to Nedbank merchants and their international
