Category: <span>Banking</span>

Telkom has launched Telkom Pay, which is its digital wallet service that runs through WhatsApp. Telkom Pay allows customers to send money to anyone with a cellphone number and can be accessed without any other app or software. “We are launching financial services solutions that cater to everyone and that are easy to access through one’s...

“Absa advises that an employee has unlawfully made selected customer data available to a small number of external parties. The leaked data relates to a small portion of Absa South Africa’s customer base, although investigations continue,” it said. The bank did not immediately say what type of information was handed over. It did not say...

Discovery Bank has launched a number of new features in its banking app, while also including virtual cards. The bank said that clients now get up to 20% off when they spend their Discovery Miles online and in-store. Customers can also make payments to their contacts who are Discovery Vitality members through Discovery Pay by...

African cross-border fintech startup Chipper Cash has raised a $30 million Series B funding round led by Ribbit Capital with participation of Bezos Expeditions — the personal VC fund of Amazon CEO Jeff Bezos. Chipper Cash  was founded in San Francisco in 2018 by Ugandan Ham Serunjogi and Ghanaian Maijid Moujaled. The company offers mobile-based, no fee, P2P payment services in seven countries: Ghana, Uganda, Nigeria, Tanzania, Rwanda,...

Google is moving deeper into consumer finance. The tech giant will let users open bank accounts, pay friends and manage budgets through a new version of its Google Pay app rolling out Wednesday.  The Mountain View, California-based company partnered with Citi and Stanford Federal Credit Union to launch the mobile bank accounts and said it plans to...

Capitec has launched a virtual banking card, which is completely digital. It is aimed at customers who shop and do payments online, and are worried about card fraud. Like a physical card, clients can use it online, but it’s safer than a physical card which can be stolen or duplicated. The virtual card is loaded...

Xago, an innovative South African Fintech that focuses on an all-inclusive approach to moving money rapidly, has confirmed receipt of a substantial investment from Imvelo Ventures, a venture capital investment company founded by Capitec Bank and Empowerment Capital Investment Partners, and will continue to expand its cryptocurrency services and products into African markets for both businesses and individual clients. Co-founded...

Numerous FNB customers are complaining that their credit cards have been blocked on Sunday without prior warning. Reports of the issue were widespread on Twitter and FNB’s Downdetector page, which saw a big spike in complaints from around 13:00. Customers reported that attempting to transact with their credit card would result in the payment being declined...

Having completed its core value proposition, preparations are underway to open its digital doors Bank Zero has now fully completed its core value proposition by going live with its debit card. Following this card go-live, rigorous health-checks such as simulated card attacks, card fraud detection and retailer readiness are currently underway. Thereafter the final countdown...

Capitec Bank is launching its first full home loan offering in partnership with SA Home Loans. CEO Gerrie Fourie explains. Capitec is South Africa’s largest bank based on number of clients. It’s now announced the launch of its first full home loan offering in partnership with SA Home Loans. With interest rates at a historic...