Customers can now buy electricity units and pay bills using their mobile phones.
The unit will leverage off parent company Standard Bank's offerings.
Sector agrees to carry out joint activities that will benefit banking and financial institutions.
The ISP will demonstrate its new FNB banking app for smartphones and tablet devices at the event.
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
FNB's latest service is likely to spur similar offerings as cellphone banking takes off, says Strategy Worx
Big four bank Absa takes the unprecedented step of stopping payments submitted through the site.
Banks will no longer need to integrate multiple vendors' tools or add new delivery methods, says IronKey.
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
Having users from other countries on the traffic information database could have severe security implications.
Besides being convenient, online payments limit the possibility of fraud and corruption, says Metro Police.
The tech giant aims to use the acquisition to develop solutions to help financial companies meet regulatory demands.
The future of banking in Africa
MTN and Huawei, in partnership with Brainstorm magazine, held an executive roundtable on 11 May for industry insiders from the financial sector to discuss emerging technologies and digitisation in the banking space. #mtn #huawei #fintech
The platform supports all three major mobile access modes - SMS, mobile browser and downloadable apps.
Wage talks between the four parties proceed this week, in a bid to prevent a crippling strike.
Frost & Sullivan's Growth, Innovation and Leadership Congress revealed considerable growth predictions for the continent.