2014 was an exciting time for payments in South Africa, here are a few of the top stories which made headlines over the past year.
South Africa’s Top Five Articles:
FNB’s Easy Account Cheapest Full-Service Bank Account in South Africa
The Solidarity Bank Charges 2013 report shows that FNB’s Easy Account is the cheapest full-service bank account in South Africa.
Deadline for 3D Secure Implementation Looms in South Africa
Due to the increase in Card not Present (CNP) fraud in South Africa, the Payment Association of South Africa (PASA) has made a decision to mandate the implementation of 3D Secure for all e-commerce merchants. The deadline for this implementation has been set at 28 February 2014.
Report: e-Commerce in South Africa
Effective Measures has released a report on e-commerce in South Africa. They surveyed over 10,000 internet users with desktop access in South Africa in order to ascertain their online shopping habits.
SA Banks Hit with R125 Million Fine
The South African Reserve Bank (SARB) conducted AML/CFT (Anti-money laundering and combating the financing of terrorism) inspections at Absa Bank Limited (Absa), FirstRand Bank Limited (FirstRand), Nedbank Limited (Nedbank), and The Standard Bank of South Africa Limited (Standard Bank).
Pay Your Bills in a Snap With the New Zapper App
Zapper.com’s new Scan-to-Pay app uses the camera on your smartphone to make paying your bills as quick and easy as taking a photograph.
