Nedbank Group unveiled Africa’s first ever banking branch that fully offsets its energy usage through renewable energy sources. The Lansdowne Corner branch situated in Cape Town utilises an innovative hybrid power installation, effectively making it a 100% off-the-grid outlet. The grid-tied renewable energy system harnesses solar and wind energy and converts this to standard mains
There was a massive breach in South Africa’s banks last week resulting in tens of millions of rands in losses. The breach was caused by a malicious malware called Dexter which was unknowingly installed on the POS terminals of a number of fast food chains. It is believed that the malware was implemented by an
In celebrating the 15th year anniversary of working together, Nedbank recognises the partnership it has established in 1998 with iVeri whose unique technology continues to be invaluable in enabling eCommerce. Pamela White, Head Corporate Card Services at Nedbank says, “We are proud to partner with iVeri to assist businesses improve efficiency, allowing for an environment where
There has been some talk in the merchant community around the Payment Association of South Africa (PASA) mandating 3D Secure for all ecommerce merchants. PASA had sent a letter to acquirers on the 26th March 2013 requesting an implementation date of 02 April 2013 for acquirers to ensure all merchants are aware of this mandate
Nedbank Group and the Bank of China (’BoC’) have entered into a strategic business cooperation agreement to grow business flows between the People’s Republic of China (’China’) and Africa. The alliance will support clients of the BoC as they look to grow and invest in South Africa and the rest of Africa by providing access
In recent ThinkMoney research, Capitec, FNB and Nedbank were revealed as the leading consumer bank accounts in South Africa. This was according to nearly 7 000 bank account reviews written by ThinkMoney users, who voted Capitec, FNB and Nedbank accounts as the most popular, both in terms of the number of reviews and a high
South African banks are now all in full swing with their respective loyalty or rewards programs. In a highly competitive banking environment, where the large South African banks are doing whatever they can to attract customers across all LSM’s, rewards programs can be used to ensure that existing customers are not tempted to switch banks.
The African Banker Awards, which will be held on the 29th of May in Morocco, has released their short-list of nominees for 2013. The African Banker Awards has the African Development Bank Group as its official patron and is sponsored by various organisations including MasterCard, BGFI Bank, Banque Atlantique, Nedbank and Ecobank. The African Banker Awards
Nedbank is entering the Mozambican banking market by acquiring an initial 36.4% shareholding in Banco Unico for $24.4m, subject to various conditions and regulatory approvals both in Mozambique and South Africa. Banco Unico is currently the sixth largest full service bank in Mozambique, established in 2011 by the Portuguese Investment company Group Americo Amorim Holdings
