banking

  1. Luis

    New iPhone deals for Capitec customers

    New iPhone deals for Capitec customers Capitec Connect's new device sales division has recently cut the price of its Apple iPhone 16e from R11,999 to R9,499. The mobile virtual network operator (MVNO) has seen substantial growth since launching in 2022, surpassing much older MVNOs in customer...
  2. Hanno Labuschagne

    South Africans must stop using their social media passwords for bank accounts — Armata Security

    South Africans must stop using their social media passwords for bank accounts — Armata Security Armata Cyber Security head of technology and innovation Richard Frost has warned that many South Africans are using the same passwords for social media and banking, putting their bank accounts at...
  3. Luis

    Capitec working on further reducing prices for clients

    Capitec working on further reducing prices for clients Capitec CEO Graham Lee said the bank is working to further reduce fees, improve quality of service, and provide customers with more products that meet their needs. Speaking to EasyEquities chief enablement officer Carel Nolte during a...
  4. Luis

    Big banks in South Africa automating to cut costs

    Big banks in South Africa automating to cut costs South Africa's largest banks are aggressively adopting automation across their internal processes and systems to increase efficiency and reduce cost pressures. That is according to Akash Anand, regional head for Middle East and Africa at...
  5. Luis

    Standard Bank adds 50 new smart ID branches

    Standard Bank adds 50 new smart ID branches Standard Bank said customers spent less than eight minutes on average completing their smart ID applications in branches offering the service. The statistic came with the bank’s announcement that it had added 50 new bank-assisted smart ID processing...
  6. Luis

    SARB to open the national payment system for non-banking entities

    SARB to open the national payment system for non-banking entities Several of South Africa's incumbent banks are optimistic about the incoming participation of non-banking entities in the country's payments system. The South African Reserve Bank (SARB) is planning to open the National Payment...
  7. Luis

    Mastercard announces technology rollouts aimed at expanding South African presence

    Mastercard announces technology rollouts aimed at expanding South African presence Mastercard is expanding its presence in South Africa and has recently announced several agreements and technology rollouts to achieve this. Most recently, Mastercard has signed a 10-year deal with Nedbank that...
  8. Luis

    Standard Bank users report outage of Internet banking services and mobile app

    Standard Bank users report outage of Internet banking services and mobile app Standard Bank is struggling with limited functionality on its mobile banking app, with users on social media reporting being unable to log in. The issues arise on payday for millions of South Africans. The mobile...
  9. S_HolmesZA

    ABSA Fraud Case

    Hi everyone, I’m hoping someone here can offer guidance or share advice. On 20 March 2026, I reported a fraud case with ABSA (Reference: 16326448). I followed all their instructions and submitted everything requested, including a stamped affidavit and SAPS case number. However, I haven’t...
  10. Hanno Labuschagne

    South Africans are using AI to craft banking and insurance complaints

    South Africans are using AI to craft banking and insurance complaints The National Financial Ombuds Scheme is becoming frustrated with South Africans using artificial intelligence (AI) to generate complaints, some of which run up to 200 pages and cite false information. Speaking to 702, CEO at...
  11. Hanno Labuschagne

    Debit order change from April 2026

    Debit order change from April 2026 The South African Reserve Bank and the Financial Sector Conduct Authority have confirmed that, effective 13 April 2026, the dispute windows for all debit order instruments will be standardised at 60 days. “This will simplify disputability, especially for...
  12. Hanno Labuschagne

    FNB eBucks change backlash

    FNB eBucks change backlash FNB's decision to amend eBucks earning rules a mere four months after its annual rule changes has left customers fuming, with many threatening to leave the bank. The bank recently announced an unusual change in eBucks levelling criteria that will take effect in...
  13. Hanno Labuschagne

    Deepfake and AI scam surge in South Africa

    Deepfake and AI scam surge in South Africa Deepfakes and artificial intelligence (AI) powered scams are becoming increasingly prevalent in South Africa, with local cases linked to deepfake manipulation growing by 1,200% in a single year. According to Amritha Reddy, Senior Director of Fraud...
  14. M

    FNB App Disappointing

    Who is finding the FNB App to have been such a game changer in banking and all of a sudden its gone from 10 stars to -1. :thumbsdown::thumbsdown: The secure chat used to work like a bomb and now you get a response hours after the fact and/or you just get kicked out. Then I tried calling the...
  15. Bazz94

    My Capitec Tap-To-Pay Limit Has Been Circumvented

    I would suggest that all Capitec clients turn off their tap-to-pay! Today I lost my bank card and then saw 2 transactions that I didn't make. I blocked my bank card. The problem is that the first transaction was R1000 and the second was R1500. These were done within 2 minutes of each other. I...
  16. Hanno Labuschagne

    Capitec's big IT edge

    Capitec's big IT edge Being able to build its IT infrastructure from scratch gave Capitec a significant advantage over South Africa's incumbent banking giants, Absa, FNB, Nedbank, and Standard Bank. In his new book, Capitec: Stalking Giants, author TJ Strydom underscores how the upstart bank's...
  17. K

    Best bank to handle FOREX incoming payments

    Greetings all I am currently working a contract overseas and send money home every 2 weeks. For the past 5 months, only once did money reach SA through FNB without a struggle. Every 2 weeks, I need to make the same complaint, ask the same questions, show them the same errors and nobody seems...
  18. oros

    Tymebank app down

    Hi Anyone noticed tymebanks downtime?? Can't use the app at all. The card was also down for a while. Apparently fixed.
  19. TammyTae

    FNB bank is a piece of work ,fraud , scam

    G
  20. I

    Best business banking for global/online business ?

    If you'd be starting a new business, what would your first pick be and also who would be your last pick xD ? I've mostly used FNB but not too fond of them; customer service bad, inbound Swift transfers take ages, and tbh their digital offerings suck. We don't really have much comparing to the...
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