FNB customers performed more than 56 million transactions through Cellphone Banking valued at over R7,2 billion this year, showing their preference for this particular channel as compared to PC based banking.
Pocit, a cellphone payment system launched in South Africa with just under 1 000 users in October last year, has grown its customer base to tens of thousands of users by targeting a younger audience and the medical profession.
Civil society organizations in South Africa have raised concerns about the forthcoming sale of Telkom’s stake in Vodacom to UK based Vodafone. Among these is the South African Communist Party (SACP), which is part of a tripartite that also includes…