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Digitisation, COVID-19 prompt reduced headcount at Absa

The bank reduces its total number of employees by 1 200 and institutes a hiring freeze, citing COVID-19 ramifications, combined with its digital strategy implementation.


Standard Bank Instant Money can now be collected in spaza shops

The bank expands its retail partner footprint for its Instant Money offering, so that it can bring this service to more South Africans, safely and securely.

18 Nov

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.


Standard Bank propels contactless payments across Africa

The bank is driving the mass adoption of contactless payments in Africa, as consumers look for safer ways to pay in the wake of COVID-19.


Standard Bank sets benchmark for online customer security

iiDENTIFii provides facial recognition services to Standard Bank client base with DigiME platform.


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.

Oct 23, 2020

Standard Bank invades cyber insurance space

The big four bank unveils a product that provides cover for cyber extortion, hacking, physical theft and loss of both devices and physical hard copy data.

Oct 20, 2020

Banking, Google alliance promises digital world to SMEs

Standard Bank, Mastercard and Google want to help SMEs accelerate digital transformation, in response to operational challenges posed by COVID-19.

Oct 12, 2020

Chillisoft wins at Standard Bank 2020 Top Women Awards

The company walked away with the Fast-Growth Women-Owned SMME Award at the Standard Bank 2020 Top Women Awards.


DPO SA helps small business tap into e-commerce space

The payments enabler empowers SMEs and start-ups to explore the online retail space through its “e-commerce-in-a-box” offering.

Oct 1, 2020

Standard Bank looks to blockchain tech for insurance claims

The big four bank is aggressively pursuing the digital insurance space, which has been shaken up by the emerging insurtech start-up companies.

Aug 25, 2020

Standard Bank buys stake in local fintech

The bank acquires a 35% stake in online escrow company TradeSafe amid a rise of digital transactions in SA.

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