Digital newcomer Discovery Bank nears 500K customers
The digital bank says it has 489 000 clients as of 13 September, versus 370 000 accounts at the end of June.
MTN Eswatini cuts data prices as kingdom adopts MoMo
The mobile operator has reduced postpaid data bundles by 70%, while its prepaid package has been reduced by 32%.
Capitec launches free online financial education platform
The bank wants to empower people to learn helpful money strategies and key financial principles in a simple and engaging way.
More consumers fall prey to forex trading scams in SA
Forex trading scams emerge as the most popular “get rich quick” scheme, as SA sees an uptick in illegitimate online trading deals.
TymeBank gets R750m lifeline as COVID-19 disrupts plans
African Rainbow Capital injected R750 million in TymeBank in the last financial year ended June, a tough period for the relatively new digital bank.
Capitec, Nedbank blame tech glitch for debit order debacle
The banks have owned up to the incident that resulted in clients having double deductions from their accounts.
Ozow aims to up digital inclusion with new payment solutions
The digital payments company introduces new online payments solutions targeted at the under-banked, as its local user base reaches over 400 000.
Crypto exchange AltCoinTrader drags ‘bullying’ Absa to court
The local crypto-currency exchange takes the big four bank to court for allegedly putting pressure on Zapper to close the exchange’s account.
FNB’s digital platforms show resilience amid COVID-19
The bank’s app volumes went up 28%, the eWallet transacting base was up 39%, while the eBucks earn value rose 9% to R2.2 billion.