Take up of ABSA’s ChatBanking On WhatsApp is picking up

Tech Financials More than 10 000 customers have registered for ABSA’s ChatBanking on WhatsApp service, said the banking group in a statement. The banking group launched ChatBanking on WhatsApp service on 11 July 2018. Absa ChatBanking on WhatsApp is an automated messaging system available to Absa account holders. It allows users to perform simple banking on the … Read moreTake up of ABSA’s ChatBanking On WhatsApp is picking up

FNB enables payment via Fitbit and Garmin Wearable devices

SATopShops FNB customers can now make payments by simply tapping their compatible Fitbit or Garmin Wearable gadgets on any contactless enabled point-of-sale device. As in the case of smartphone based FNB Pay, these wearables need to be linked to VISA enabled FNB Banking Cards. FNB Pay allows customers to use their mobile phone like a bank … Read moreFNB enables payment via Fitbit and Garmin Wearable devices

WesBank Graduate Finance: A move for the young professionals

SATopShops WesBank, a vehicle and asset finance specialist, is gunning for the young professional market with an offering titled Graduate Finance. It is tailored to accommodate  new graduates who may struggle to secure finance due to lack of credit history. WesBank executive, Ghana Msibi, is quoted saying the offering  is designed to empower graduates with … Read moreWesBank Graduate Finance: A move for the young professionals

How a group of black professionals is building a new mutual insurance operation

A group of black professionals organised as KCB and largely known for their ambition of establishing a cooperative bank are also working on a mutual insurance operation titled KCB Life. They promise to take the market by storm. We asked KCB steering committee member, Moeketsi Nchoba, to clarify what KCB Life is about. What is … Read moreHow a group of black professionals is building a new mutual insurance operation

Black Elite, a minibus taxi rewards program, could become a bank

Ujuh Reporter Black Elite, a card-based consumer programme that offers fuel rewards to minibus taxi operators, could become a considerable banking operation, if its backers follow through their stated vision. The fuel rewards programme was launched recently by SA Taxi, an independent minibus taxi financier, in collaboration with Taxi Choice, the commercial arm of the … Read moreBlack Elite, a minibus taxi rewards program, could become a bank

Top tips: How to reduce bank charges via digital channels

SATopShops Consumers can make some considerable savings and stretch their budgets by taking advantage of digital and electronic banking channels to reduce banking charges. FNB Consumer Core Banking CEO, Ryan Prozesky, says small and gradual changes in banking behavior can help cut back on banking costs in the long-term.  Prozesky shares tips on how customers can reduce … Read moreTop tips: How to reduce bank charges via digital channels

The list of FNB’s new bank fees and eBucks Rewards

SATopShops First National Bank (FNB) is set to raise its banking fees on the 1st of July in what the bank says partly accounts for Value Added Tax (VAT) increases and historically surpassed charges. The bank is also revising eBucks Rewards. FNB Retail CEO, Raj Makanjee urges customers to use digital channels whenever possible. That’s … Read moreThe list of FNB’s new bank fees and eBucks Rewards

Steinhoff listing deal wins in African Bank of the Year award

Ujuh Reporter Kenya’s banking group, Equity Group Holdings, was named as the 2018 African Bank of  the year in an awards ceremony dominated by East African banks but also full of interesting surprises. One surprise was the naming of Rand Merchant Bank as the winner of the ‘Deal of the Year – Equity’ award for work done around the … Read moreSteinhoff listing deal wins in African Bank of the Year award

Africa records remarkable progress in financial inclusion

A new report titled Digital Access: The Future of Financial Inclusion notes that “Financial inclusion is one of Africa’s great success stories of this decade.” The report, coming out of a partnership between the International Finance Corporation (IFC) and the Mastercard Foundation, also highlight challenges to be tackled for the region to reach universal financial … Read moreAfrica records remarkable progress in financial inclusion

Vodacom feeds scramble for mobile money markets in Africa

SATopShops Vodacom reports that it’s become the biggest mobile money operator across the African continent, a significant piece of news that discounts the company’s failure to make the M-Pesa thing work in South Africa. This piece of news feeds into the prevailing scramble for mobile money markets on the African continent by telecoms and banks. … Read moreVodacom feeds scramble for mobile money markets in Africa