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Fintech

Mobile operators can boost financial inclusion

Despite a relatively low unbanked population, SA can unlock $2 billion in GDP by creating financial identities for the unbanked.

Simnikiwe Mzekandaba

FSS grows leadership team

The Indian firm appoints K Srinivasan as global chief revenue officer, as it accelerates global expansion plans.

First National Bank

FNB adds Limpopo to roll out smart IDs, passports

The bank expands the service for smart IDs and passports to its customers in Limpopo.

Five crypto and blockchain trends for 2020

Alexey Ermakov, founder of Swiss-based fintech startup Aximetria, picks crypto and blockchain trends to watch out for in 2020.

Fintech firm 2Engage outlines ambitious growth plans

The company says consumers will be able to open bank accounts, buy insurance and other financial products digitally in their local shops.

Samuel Mungadze

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

Nedbank notches up 1.7m digitally active customers

The bank witnesses a 30% growth rate across its digital banking platforms, with over one million app downloads.

Sibahle Malinga

Local banks unite in crackdown on fraudulent debit orders

After implementing the DebiCheck electronic authentication system, local banks are witnessing positive results.

Sibahle Malinga

Bank of Mauritius

Mauritius plans to issue digital currency

The Bank of Mauritius is considering introducing a digital currency, according to its governor Yandraduth Googoolye.

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

When your app’s new feature is awesome

The behavioural patterns of banking app users differ greatly from one to the other, says Entersekt.

Automation’s transformative power will change banking

Automation will make it easier for customers to bank digitally, ultimately improving engagements and ensuring that the bank’s service is more efficient, says Andrea Tucker, Research and Development Head at e4.

Online retailers enjoy record Black Friday, Cyber Monday sales

E-commerce sites saw significant sales growth on Black Friday and Cyber Monday, indicating a better prepared market.

Sibahle Malinga

Joburg, Cape Town join league of global fintech hubs

Johannesburg, Nairobi, Lagos and Cape Town are listed in the top 100 cities worldwide for fintech businesses.

African Development Bank

MS, African Development Bank in coding skills pact

The organisations launch Coding for Employment, an online tool to provide digital skills to African youth.

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