TymeBank beats digital and traditional bank competitors in transaction fees battle
Fit-for-purpose digital banks are taking the fight to traditional banks in South Africa, pushing the envelope of what's possible without branches and bringing down banking costs in the process.
Digital-first...
Capitec beats Absa, FNB, Standard Bank in online banking fees comparison
Capitec's GlobalOne transactional account has the most affordable online banking fees across the major South African banks, a MyBroadband analysis has revealed.
Gone are the days of physically visiting a bank branch to...
South African trading platform battle — EasyEquities beats big banks
Research from Daily Investor shows that EasyEquities is the most popular online share trading platform in South Africa and easily outperforms Standard Bank, FNB, and Absa’s alternatives.
Online share trading showed steady...
Online banking battle in South Africa
FNB is leading the online banking race in South Africa, but Standard Bank, Nedbank, Absa, and Capitec are closing the gap.
Online banking is a core offering for banks and is the preferred engagement medium for many South Africans.
Most loved and hated banks in South Africa — with one slipping badly
Banking was among South Africa's "most liked" industries in the past year, beating retail, insurance, and telecommunications.
That is according to the SA Banking Sentiment Index for 2022 compiled by DataEQ, the company...
Absa reveals price changes for 2023 — including free Absa Rewards access
Absa has published its 2023 pricing and benefits guide, which includes monthly fee increases for several accounts.
Monthly fees and costs on transactions involving cash handling will increase on the bank's Flexi, Gold...
South Africa's biggest Black Friday spenders — including a R1.88-million purchase
Black Friday 2022 again saw single transactions worth hundreds of thousands of rands in South Africa, while at least two customers spent over a million rand in total on the day.
Physical retailers and online...
Best credit card deals from South African banks
Many of South Africa's major banks offer entry-level credit cards with minimal monthly fees that can help young consumers start building a good credit score.
These cards often also come with some added value in the form of membership to banks'...
Bank branches where you can get your passport and smart ID — with more to come
The number of bank branches offering passport and smart ID renewals in South Africa has reached 27, with the Department of Home Affairs (DHA) revealing that it is currently testing a ninth Standard Bank branch at...
Big petrol price hike coming — These banks have the best fuel rewards
Several of South Africa's major banks offer rewards schemes that enable their customers to earn back some of their spending on fuel every month.
These initiatives can provide some relief for motorists who have been hammered...
Online banking comparison — App store reviews put Discovery Bank on top
Discovery Bank has the online banking platform with the most positive app store reviews in South Africa, an analysis of the scores on Google Play and the Apple App Store shows.
The bank received an aggregate score of 4.8...
Smartphone tap payments in South Africa — these are the banks with the most options
Most South African banks now support all major digital wallets that let you transact by tapping your smartphone or smartwatch at a contactless-enabled paypoint.
Apple Pay, Garmin Pay, Google Pay, Fitbit Pay...
absa
apple pay
capitec
contactless payment
discovery bank
first national bank (fnb)
fitbit pay
garmin pay
google pay
investec
near field communications (nfc)
nedbank
samsung pay
standard bank
Goodbye cash wallet, hello Google Wallet
Google Wallet with Google Pay launched in South Africa with support for cards from most major banks on Tuesday, providing a new way to tap and pay for the country's numerous Android smartphone users.
To date, South Africans have only been able to use...
Google Pay launched in South Africa
Google Pay contactless card payments have rolled out in South Africa, according to the company's official support documentation and tests performed by MyBroadband.
Previously, Google Pay only worked for in-app and online purchases from South Africa, not...
South Africa's entry-level bank accounts compared
Several bank accounts in South Africa come with a very low monthly fee and affordable pay-as-you-use costs for those with minimal banking needs.
MyBroadband recently compared South African bank accounts with no monthly fee but found that many...
Credit card fee comparison for traditional and digital bank accounts
South Africa's major traditional and digital banks offer credit card accounts for various budgets and incomes, with stand-alone options starting from R30 a month.
Four of South Africa's traditional banks offer credit cards...
These banks charge extra fees for rand payments to Netflix, Spotify and other online services
Most South African banks don't charge additional transaction fees for rand-based payments to international merchants, despite charges levied by payment provider schemes like Visa and Mastercard.
FNB...
Bank branches where you can get your passport and smart ID
The Department of Home Affairs is continually adjusting its list of approved bank branches through which South Africans can get their smart ID card or passport, with 26 branches currently available.
While its latest list shows that the...
The skills you need to work at Takealot, MTN, and Absa
South Africa has a shortage of several tech-related skills highly sought-after among major telecoms, banking, and ecommerce companies.
The Department of Home Affairs published a list of critically-scarce skills in high demand in the...
Cheapest Internet banking fees in South Africa
FNB's Easy PayU account offers the most affordable online banking transaction fees, while Absa's Transact account was the most expensive, a MyBroadband analysis of entry-level bank accounts showed.
Online banking services became essential as the...