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

FNB launches biometric mini ATM to advance financial inclusion

SATopShops FNB is introducing a mini-ATM that uses biometrics to validate consumer identity in a development partly designed to advance financial inclusion in underdeveloped areas. The ATM known as TouchPoint functions as a self-service kiosk from which customers can conduct transactional banking such as withdrawals, transfers and payments, view statements, purchase airtime and electricity and … Read moreFNB launches biometric mini ATM to advance financial inclusion

FNB unveils eWallet eXtra: A flexible and fee-free mobile bank account

Ujuh Reporter If you are above the age of 16 and own a cellphone, you’ll be able to get an FNB mobile bank account in less than three minutes. And you don’t need to physically go into the bank with your ID to get this. You also don’t need a bank card to transact. And … Read moreFNB unveils eWallet eXtra: A flexible and fee-free mobile bank account

Adjustments to Standard Bank’s internet banking: Here what you need to know

SATopShops “Standard Bank has made some adjustments to its online banking platform which has amongst other things moved the login icons and forex rates icons. “In a message to customers Standard Bank said “We’re upgrading our website so you’re going to notice some changes from Thursday evening, 12 April 2018. But don’t worry, your Username … Read moreAdjustments to Standard Bank’s internet banking: Here what you need to know

Court rules that banks can sell your house for next to nothing

By: Ohene Yaw Ampofo-Anti When a person obtains a home loan from the bank, a mortgage bond is usually registered over their home as security by the bank. The bank will use this to recover any debt should the debtor default on their home loan repayments, in which event the debtor may lose their home. This … Read moreCourt rules that banks can sell your house for next to nothing

MTN and Ecobank partner to create Africa’s largest digital banking activity

Ujuh Reporter MTN and Ecobank have signed a memorundum of understanding (MoU) which promises to create the largest digitalised banking activity on the African continent. The deal leaves one to wonder about the future relations of the largest mobile telecoms operation on the African continent, MTN, and the biggest digital banking business on the continent, Ecobank. … Read moreMTN and Ecobank partner to create Africa’s largest digital banking activity

FNB: Krugerrands are the easiest way to own gold: How it works

Ujuh Reporter FNB is clearly prompting its clients to buy gold via the Krugarrand option for gifting purposes but with a subtle investment angle. That is if the banks latest media release is anything to go by. In a statement released today FNB positions the Krugerrand as a “perfect gift for your loved ones”. Investing … Read moreFNB: Krugerrands are the easiest way to own gold: How it works

Clearing myths about debit card: The benefits, security, online shopping etc

Ujuh Reporter Debit cards have are rising to become the primary tool of transacting and are the most common form of bank card used by consumers but there are still a number of misconceptions about the card. FNB Consumer Core Banking CEO, Ryan Prozesky, answers a few key questions to clear the misconceptions. A debit … Read moreClearing myths about debit card: The benefits, security, online shopping etc