Capitec Bank now also offers virtual card payments
Clients can use the virtual card online like a physical card, but it’s safer as no-one can steal or duplicate it, says Capitec Bank.
SA banks see surge in e-commerce, contactless payments
South Africa’s big-four banks witness a drastic shift to e-commerce and digital transactions, as consumers opt for safe and convenient payment methods.
Crypto exchange AltCoinTrader drags ‘bullying’ Absa to court
The local crypto-currency exchange takes the big four bank to court for allegedly putting pressure on Zapper to close the exchange’s account.
FNB’s digital platforms show resilience amid COVID-19
The bank’s app volumes went up 28%, the eWallet transacting base was up 39%, while the eBucks earn value rose 9% to R2.2 billion.
Sea Monster to expand service offerings after R17m funding
The Cape digital solutions firm will transition from working on a project-to-project basis, to developing its own solutions following the new investment.
SA banks race to transition to marketplace banking
Banks are aggressively remodelling into marketplace banking, offering customers an ecosystem of aggregated products beyond the financial scope.
FNB expands its payments ecosystem with virtual card
The new virtual card allows customers to create a digital card through the FNB app, and can be used at online and brick-and-mortar merchants.
Big four banks laud digital banking uptake amid COVID-19
The grim reality of the COVID-19 pandemic drives digital banking adoption, as South African banks witness rapid uptake of online services.