"Consumers have shown a strong preference for contactless payments using their contactless-enabled cards or smart devices. One of the key reasons is that contactless payments are more convenient and faster than swiping or inserting your card,"…
South Africa’s November 2022 consumer price inflation (CPI) surprised on the downside to 7.4% year-on-year (y/y) from 7.6% September, but was still off the 2022 peak of 7.8% y/y reached during July, according to recent data from Statistics South…
Thokozani Dlamini, FNB Merchant Services CEO says, we have seen an increase of 55% in turnover on our merchant services platform for the overall tourism industry coupled with a 17% year-on-year increase in transaction volumes.
FNB Chief Economist Mamello Matikinca-Ngwenya said that "An uptick in employment growth, particularly in the now fast recovering services sector, and substantially lower petrol prices since the third quarter no doubt bolstered consumer sentiment…
“For those consumers that will opt to go into brick-and-mortar stores for Black Friday shopping, we expect a significant increase in the use of contactless device and card payments. Our customers also enjoy a range of convenient digital payment…
“These businesses traded well through Covid, and indications show that they will continue to trade positively going forward. The second-hand market is unique in that it catches both parts of the economic cycle,” says Warren Pratt, Industry Specialist:…
We are proud to once again be recognised as the Best SME Bank in South Africa, as it re-affirms our continued commitment to empowering SMEs in playing a critical role in re-building our economies across our continent, says Gordon Little, FNB…
With Instant Money, we, as Standard Bank, want to empower more South Africans, especially those without access to formal banking services, with the ability to do more with their money in a quick and easy manner, says Rufaida Banoobhai, Head…
"We're excited to provide a new look and feel, and user experience to customers who use our digital interfaces. The new design of our app considered customer feedback as well as our transition to a platform business. We fully understand the…
Within the overarching FNB retail operations Lytania Johnson is now appointed CEO of the Personal segment and Sizwe Nxedlana is appointed CEO of the Private segment, the bank said in a statement released this morning.
"Any physical, intangible, financial or non-financial investment has an element of risk associated with it and an investor can either accept the risk, try to mitigate it or avoid it entirely. However, to do any of these, the risks must first…
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