Fintech takes ATM fight to competition regulator

Fintech takes ATM fight to competition regulator

The Competition Commission has confirmed it received a formal complaint from Pretoria-based fintech Motswagae Holding, which has accused South Africa’s largest banks of blocking access to the ATM networks its cardless cash platform needs to operate. In a statement last week, the little-known company said it had made a submission to the commission – it…

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Cyber crooks cashing in as ATM attacks decline

Cyber crooks cashing in as ATM attacks decline

The rate of banking sector-related contact crimes such as branch-before-deposit and ATM-after-withdrawal robberies are in sharp decline as criminals find higher rates of success through digital means to defraud people. According to the South African Banking Risk Information Centre’s (Sabric’s) Annual Crime Statistics 2024 report, robberies dropped 35% year on year in 2024, with associated…

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