The mobile cash withdrawal system allows consumers to pre-order cash withdrawals using their banks' mobile applications.
SA's biggest bank by customer base will trial contactless payments at its Springbok fan zone, in Cape Town, this weekend.
Key players in the payments space collaborate to introduce the first National Payment System Foundational Course in SA.
The Sree Charan Souharda Cooperative Bank has chosen IBM SmartCloud to help it meet demand and add new services.
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
Around 500 cameras have been installed throughout Kenya and are monitored at the bank's central security room in Nairobi.
The bank releases a mobile banking app specifically for its iPad users.
The bank's new online portal, which includes the beginnings of personal financial management tools, is “nothing new or sudden”, it says.
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
The bank adds its mobile money solution, eWallet, to the Banking App menu.
The bank's online and mobile networks were down for most of Friday, three days after its new interface went live.
The company's FarmVille-branded prepaid card rewards users with Farm Cash.
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
Amid the hype and ambiguity that surrounds the mobile money concept, FNB looks to the mass market to accelerate the phenomenon.
The Trojan has targeted Brazilian and Peruvian users wanting to install Google's Chrome browser.
The company was recognised for excellence at the B2B eGaming Review Awards.