Nearly a quarter of surveyed South African adults expect to bank with a digital-only bank by 2023.
The bank’s downtime across all its digital banking channels enters day two, with its branches all being offline.
Scores of angry customers took to Twitter after the bank’s digital platforms were hit by downtime today.
The digital-only bank seeks to break-even and reach profitability in the coming year, says CEO Coen Jonker.
NSFAS fintech partners to challenge contract cancellations
In this week's tech news roundup, Fintech partners contracted to disburse monthly allowances to NSFAS-funded tertiary students have challenged the allegations levelled against them, saying they are considering legal action. eZaga and Tenet Technology have denied the allegations made against them and claim to not have received the full report in which these were made Stay informed and engaged with our comprehensive coverage of these stories and more on our website, www.itweb.co.za and social media platforms. Discover the latest advancements shaping the future of technology by ITWeb. #newsvideo #sita #nsfas https://www.itweb.co.za/content/DZQ58MV8yPAvzXy2 https://www.itweb.co.za/content/rxP3jqBEax8MA2ye https://www.itweb.co.za/content/xnklOvz1dnYq4Ymz https://www.itweb.co.za/content/dgp45vaBPVJ7X9l8 https://www.itweb.co.za/content/P3gQ2qGAPrg7nRD1
The fintech SME funder will become part of the digital-only bank, opening up working capital for small businesses.
Buoyed by the strong showing of its Nigerian operations, MTN expects a blowout half-year financial performance.
While online and mobile banking offer faster transactions, these platforms also appeal to criminals, says SARB.
Huawei Cloud drives African FinTech innovation
Mark Wang, Solution Architect at Huawei Cloud Southern Africa, spoke to ITWeb about Huawei being a strategic partner in the banking sector. He also addressed challenges for banks in SA and potential growth in the payment ecosystem for customers. #huaweicloud #fintech #digitalbanking
Samsung’s mobile payment service is now available to PayGate’s network of more than 25 000 online merchants.
Standard Bank facilitates a multibillion-rand deal to finance MetroFibre’s fibre rollout to over 500 000 households.
The latest appointments bring additional strength and diversity to the digital bank’s senior leadership team.
The African Continental Free Trade Area will improve digital trade only if governments step up regulations, say experts.
Juniper Research attributes this growth to the rise of ‘one-click’ solutions.