For the third year in a row, South African fintech company, Entersekt has won the Best Mobile Security Technology award in the annual Banker Africa Southern Africa Banking Awards. The aim of the awards is to recognise outstanding performance and excellence in the financial services industry. Open to all banks and financial institutions in Africa,
Africa’s financial services landscape continues its dynamic evolution as the rapid growth of FinTech on the continent drives both the disruption and leapfrogging of legacy systems and further accelerates the digital transformation of financial services. In South Africa, the major banks are rapidly ramping-up their own innovation strategies and collaborating with new game-changing start-ups to
PayPal released data about mobile phone usage and mobile eCommerce at the Seamless Africa Conference in Cape Town earlier this week. Online shopping is on the rise in South Africa. South Africans spent R37.1 billion shopping online in 2016, an increase of nearly 30% from the previous year. These numbers are expected to continue to
Profits from FNB’s Retail business surged 21%, while the bank’s Commercial business units produced profit growth of 13%. The results were robust given modest advances growth. The bank’s Retail businesses experienced excellent contributions from its client franchises; credit card, residential mortgages and the transaction franchise all showing strong double digit growth. Credit card earnings
One of the key goals of the South African Social Security Agency (SASSA) is to manage and pay social grants without the use of a third party contractor as is currently the case. SASSA is on course to achieving this goal of ensuring that payment of social grants is insourced. It has already made direct
Digital and mobile economies of the future requires that South Africa look to the next generation of payments infrastructure to fulfil developmental goals and remain competitive in the global economy, according to BankservAfrica. This is a key priority for the organisation which, in collaboration with key stakeholders and related industry bodies, intends on driving payments
As part of the Lagos State Government’s strategic vision to embrace a digital future through the adoption of innovative technology and processes across all spheres of governance and public-sector service delivery, the Executive Governor of Lagos State Mr. Akinwunmi Ambode announced on Monday, February 19 that effective from the 1st of March 2018, the State
FNB says its branches are playing a pivotal role in introducing customers to digital banking channels in order to bank in a convenient and affordable manner. The bank revealed that over the last year, its branches recorded the highest number of customers that migrated to the FNB Banking App, Online Banking and Cellphone banking for
SASSA filed an affidavit with the Concourt to request an extension of the suspension of invalidity of the CPS contract. This is to allow SASSA to phase out CPS and phase in a new service provider. The reason for this development is that the contract with CPS ends at the end of March and a
A new Visa survey of 500 South Africans exploring awareness and perceptions of biometric authentication, confirms that consumers continue to have a strong interest in new biometric technologies that make their lives easier. New forms of authentication, such as fingerprint, facial, and voice recognition, can make unlocking accounts and payments much easier and more convenient
