- Jul 31, 2009
Lol The real reason is the cut of interchange Apple demands. Its a gamble with FNB, SBSA and Capitec hoping that they won't lose too many clients and Nedbank, Discovery and ABSA hoping they gain more client spend revenue than the cut of interchange paid to the big fruit. FNB is vulnerable given their brand positioning as the smart, technology first bank, Capitec clients probably don't give a hoot in general and SBSA is in the middle. The real heat comes from the high end clients at SBSA and FNB who have no issue dropping 30k for a iFruit phone and can't use a key feature....until they jump ship to another bank.
This isn't the reason. Legacy issues as mentioned earlier .
At least for SBSA.. apparently*