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South African bank intensifies fight against debit order fraud

South African bank sharpens fight against debit order fraud

February 22, 2018 • Finance, Southern Africa, Top StoriesComments (0)

In a bid to continue combating the scourge of rouge debit orders impacting the industry and some of its customers, FNB has waived the fee for stopping unauthorised debit orders through its electronic banking channels and is also actively clamping down on business customers who are facilitating unauthorised collections. Ryan Prozesky, FNB Consumer Core...

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Silver linings for smaller businesses in Budget 2018

Silver linings for smaller businesses in Budget 2018

February 22, 2018 • Finance, OpinionComments (0)

As expected, the Finance Minister, Malusi Gigaba, and Treasury have proposed some tough measures to address South Africa’s tax collection shortfall, growing budget deficit, and new spending priorities such as free education. Higher VAT, fuel levies and...

Android Pay becomes Google Pay with added functionality

Android Pay becomes Google Pay with added functionality

February 21, 2018 • Finance, Mobile and Telecoms, Online & Social, Top StoriesComments (0)

Google has revealed that it is rebranding its mobile money platform, changing the name of Android Pay to Google Pay. This is not the only thing new about the platform, as a part of the update saw a number of new features added such as a new Home and Card...

First cryptocurrency that does not need Internet access released

mCoin: First cryptocurrency that does not need Internet access released

February 21, 2018 • Finance, Mobile and Telecoms, Top StoriesComments (0)

On February 20 2018 Onem announced the launch of a new cryptocurrency called mCoin. mCoin is a unique first of a kind inclusive cryptocurrency, that makes it possible for the 3 billion people around the world who don’t have access to the Internet to...

Tanzania: Government seeks to extend mobile money interoperability

Tanzania: Government seeks to extend mobile money interoperability

February 16, 2018 • East Africa, Finance, Top StoriesComments (0)

The Tanzanian government has urged Mobile Money operators, within the country, to register transactions with a central banking infrastructure as authorities seek to extend interoperability to all service providers. The interoperability agreement will enable...

What is open banking and what does it mean for South Africa?

What is open banking and what does it mean for South Africa?

February 16, 2018 • Finance, Southern Africa, Top StoriesComments (0)

Imagine if you owned your bank data and could decide who you want to share this data with, thereby gaining access to a broad range of products to suit your needs. Matthew Barnard, an executive at software development company BBD, says that this could become a...

The digital revolution and the trending themes in 2018

The digital revolution and the trending themes in 2018

February 15, 2018 • Finance, Southern Africa, Top StoriesComments (0)

The digital revolution is beginning to make real headway in how work is done in corporate South Africa. The current trends suggest that 2018 will start to see policy catch up and in essence, countries such as South Africa will start to come to terms with the...

Ecobank fintech boosts financial inclusion in Africa

Ecobank fintech boosts financial inclusion in Africa

February 14, 2018 • Finance, Top StoriesComments (0)

Fintech is boosting financial inclusion across Africa, according to Ecobank. Although over 80% of Africans have mobile phones, only around one quarter (28%) of them have a bank account. But mobile banking and e-wallets are helping to break the banking logjam,...

Virgin Money launches 3D Secure payment solution.

Virgin Money launches 3D Secure payment solution

February 14, 2018 • Finance, Southern Africa, Top StoriesComments (0)

Virgin Money, a registered financial services provider, wants to change the way friends exchange money, with its peer-to-peer payment application, Virgin Money Spot. Users can download the app, link their Internet-enabled card from any South African bank,...

Ecobank fintech boosts financial inclusion in Africa

South African Reserve Bank’s fintech Programme to asses emerging innovations

February 14, 2018 • Finance, Southern Africa, Top StoriesComments (0)

The South African Reserve Bank (SARB) has established the Financial Technology (fintech) Programme which aims to strategically assess the emergence of fintech in a structured and organised manner and to consider its regulatory implications. The main goal of...

South African fintech startup to curb fraud

South African fintech startup set to curb fraud

February 13, 2018 • Finance, Southern Africa, Startups, Top StoriesComments (0)

As online fraud in South Africa escalates, buying and selling goods using online platforms places both buyers and sellers at risk. TradeSafe, a fintech company that safeguards a buyer’s funds in trust (escrow) until the seller delivers what was...

Zambia: Airtel and Standard Chartered Bank launch mobile money platform

Zambia: Airtel and Standard Chartered Bank launch mobile money platform

February 12, 2018 • East Africa, Finance, Mobile and Telecoms, Online & Social, Top StoriesComments (0)

Airtel Zambia has revealed that it has partnered with Standard Chartered Bank Zambia to launch a new mobile money wallet platform dubbed “Straight2Bank.” This newly launched mobile money wallet will, according to the firm, give its customers the...

Which Is South Africa’s Most Valuable Bank?(Image Credit: FNB).

Which Is South Africa’s Most Valuable Bank?

February 12, 2018 • Features, Finance, Southern Africa, Top StoriesComments (0)

On 1 February 2018, The Banker released its 2018 Top 500 Most Valuable Banking Brands. Which bank tops the South African banking list? According to The Banker’s 2018 ranking of the Top 500 Banking Brands in the world, First National Bank has been named...

Are investment banks ready for blockchain-enabled distributed ledgers?

Are investment banks ready for blockchain-enabled distributed ledgers?

February 12, 2018 • Finance, Opinion, Southern AfricaComments (0)

Two years ago, Accenture published a report on the potential impact of blockchain technology on the investment banking industry. Since then, interest in and funding for this type of financial technology (FinTech) have grown exponentially. An estimated $75...

HApp-e-tax tax app launches in South Africa

HApp-e-tax tax app launches in South Africa

February 9, 2018 • Finance, Southern Africa, Top StoriesComments (0)

A tax app named hApp-e-tax has launched in South Africa. The app will assist accountants, auditors, tax practitioners, lawyers, those in business and students who need to know about South African income tax legislation. It offers the core information related...

Nigeria, Keystone Bank launches new mobile banking app

Nigeria: Keystone Bank launches new mobile banking app

February 8, 2018 • Finance, Mobile and Telecoms, Online & Social, Top Stories, West AfricaComments (0)

On Wednesday 7 February 2018, Nigerian Bank, Keystone Bank, announced the launch of its new mobile banking application which, according to the bank, has many user-friendly features that can be accessed from a mobile phone. The new mobile app has, as stated...