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banking news

WARNING: FNB Alerts Customers of Rise in Phishing Attempts

FNB warns consumers about an increase in phishing and smishing attempts on unwary customers. Phishing is a type of cybercrime in which people are duped into providing sensitive information such as login credentials, passwords, PINs, card details, or ID...

Finastra & Visa Partner to Launch Global BaaS Offering

Finastra and Visa have announced a Banking as a Service (BaaS) collaboration to co-develop new functionality on its Payments Hub solutions and implement Visa Direct – which provides access to more than two billion accounts through push-to-account offerings. The new capability...

South Africa’s Absa Bank Appoints New CEO

South Africa's Absa Bank Group has appointed Arrie Rautenbach as its new CEO effective immediately. Rautenbach had currently been serving as Absa's head of retail and business banking and will now be leaping to the head of the banking group,...

Capitec Launches New Free QR-Code Payments in South Africa

Capitec, one of South Africa's largest digital banks, is expanding its digital offering with the launch of Capitec Pay Me, a new solution enabling its clients to generate a personalised QR code on the bank’s app to receive payments...

1.7 Million Nedbank Clients May Have Had their Private Data Leaked

Nedbank is contacting clients who have been directly affected by a data breach at a company that sends out SMSs and emails on Nedbank’s behalf. 1.7-million Nedbank clients have had that their names, ID numbers, telephone numbers, physical addresses,...

Financial inclusion is still met with a number of challenges in Africa

One of the most life-altering and important drives in the developed world is the drive towards financial inclusion. While this drive may be derived from the incentive for banks to increase their customer base, it is to the advantage of...

Nigeria: Diamond Bank & MTN launch mobile money service

Diamond Bank and MTN Nigeria have come together in order to launch a mobile money service. The service has been jointly developed for the advancement the Central Bank of Nigeria's (CBN's) cash-less initiative. The Diamond Y'ello Account is automatically...
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Top 5 Gadgets that were highly Expected in 2024

The following are 2024 top 5 gadgets that are/ were highly expected according to Menstuff. 1. LG’s see-through Signature OLED...
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