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Retail Banking

 

Retail Banking / 07-08-23 / Duty Editor

Practical financial education with Discovery Bank and Worth

"We are excited about broadening access to two specific courses, Wealthy Me or Wealthy Couples at this extremely low rate of only R5 through our partnership," says Akash Dowra, Chief Growth Officer and Head of Client Insights for Discovery Bank.

Retail Banking / 01-08-23 / Tau kaVodloza

FNB launches zero-rated Secure Call on its app to boost customer safety

"Secure customer interactions are integral to our strategy to build a trusted digital platform. Our aim is to give our customers the comfort of knowing that they’re communicating with the right institution without the vulnerability that is often…

Retail Banking / 01-08-23 / Sisanda Ndlovu

Discovery Bank clients can now fast track their airport car collection Europcar

"We know how much clients love breezing through airport security with Discovery Bank Priority Fast Track and now, they can fast track their car hire collection too when booking on the Vitality Travel online booking platform," says Dinesh Govender,…

Retail Banking / 19-07-23 / Shelly Nxumalo

Encouraging uptick for the BETI in June

“The BankservAfrica Economic Transactions Index (BETI) increased in June 2023 to a level of 133.6 compared to 132.3 in May, reaching the highest since June 2022,” says Shergeran Naidoo, BankservAfrica’s Head of Stakeholder Engagements.

Retail Banking / 18-07-23 / Sisanda Ndlovu

Discovery Bank clients can pay anyone, anywhere, anytime from as little as R1

"This means that, across the board, Discovery Bank clients pay as little as R1 for immediate payments regardless of the network, be it PayShap or any of our other real-time clearance payment infrastructures," says Discovery Bank CEO, Hylton…

Retail Banking / 14-07-23 / Chris Smit

FNB Connect CEO appointment

"Sashin Sookroo's comprehensive experience in financial services, technology, and payments, coupled with his deep understanding of the FNB culture, positions him to lead FNB Connect. His appointment is in line with our efforts to enable better…

Retail Banking / 06-07-23 / Chris Smit

To have a Tax-Free Savings Account or Not?

“So, the question is: to TFSA or not? Tax-free savings account was created due to South Africa’s low savings culture, with a household savings rate of 0.2%. Stats SA notes that less than 36% of South Africans are spending more than 10% of their…

Retail Banking / 03-07-23 / Duty Editor

Purchasing Managers’ Index (PMI) declined by 1.6 index points to 47.6 in June

This is the lowest level since mid-2021. For the first time since 2018, all five subcomponents used to calculate the headline PMI were below the neutral 50-point level, pointing to a worsening of business conditions in the sector

Retail Banking / 21-06-23 / Shelly Nxumalo

Low confidence levels hurt SA salaries: BankservAfrica

“The average nominal take-home pay slipped marginally in May to R14 457, remaining 2.7% below the level recorded a year ago,” says Shergeran Naidoo, BankservAfrica’s Head of Stakeholder Engagements.

Retail Banking / 13-06-23 / Sisanda Ndlovu

The importance of obtaining a title deed: Absa

“For many of our home loan customers, we understand that their properties are their only wealth. We want to highlight the true value and meaning of having a title deed for our customers and communities. A title deed gives you collateral, dignity,…

Retail Banking / 12-06-23 / Sisanda Ndlovu

Habib Overseas Bank curator outlines details for eligible depositors

“We recognize the anxiety, stress and financial burden placed on depositors given that they have not been able access their bank accounts during curatorship, and are delighted that the SARB has agreed to make such payments which will go a long…