The Mncwasa branch is aimed at providing convenient banking solutions to a community without banking facilities.
The bank has 520?000 active mobile subscribers using its mobile virtual network operator, but wants more customers to use it for their primary number.
An EY study predicts the country's fintech adoption rate will exceed the global growth rate in the near future.
Local consumers prefer to resolve their basic banking issues via digital channels.
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 billing system combines payment and billing while interlinking with multiple banks and various other financial services providers.
Senior lecturer at the University of Pretoria Dr Neil Croft will be presenting at the ITWeb Industry Tech Update 2017 event in October on what makes Bitcoin a treasure.
The company obtains approval from the SA Reserve Bank to offer cross-border money transfer services.
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
Initial coin offerings have resulted in much phishing, hacking and other scams, leading to some countries banning them.
Juniper research finds Visa and Mastercard will be the key digital payment drivers, pushing the market to over $5 trillion by 2020.
A new WEF report suggests the partnership between banks and large tech companies could open the door to direct competition at a later stage.
The company has implemented the technologies to automate client onboarding and banking operations.
Financial services institutions need to incorporate a more agile cyber risk management approach, says One Channel.