South Africa’s banks and cash companies say they are working with the Reserve Bank on its plan to white-label the country’s ATMs and bring privately run cash centres into a national utility owned by the central bank. Few will say what they have told it. TechCentral asked the main banks and cash-in-transit operators to respond…
AI is moving from experimentation into core banking, while payments and digital platforms become increasingly important sources of growth. (Image created via Gemini) South Africa’s major banks are embedding artificial intelligence (AI) deeper into their operations, as they shift digital transformation beyond technology rollouts towards measurable financial outcomes. According to PwC South Africa’s Major Banks…
Revolut’s application for a South African banking licence is progressing, and the company is still targeting a 2028 launch. That is a long wait in a market that keeps moving. By 2028 the app-quality gap Revolut exploits elsewhere will have narrowed, the newer entrants will have dug in and reform of the National Payment System…
For #WomensMonth, we speak to Standard Bank’s Linda Oniwe, senior vice president for technology, media and telecommunications (TMT) in corporate and investment banking, about her career in dealmaking, the role of technology in Africa’s development and the importance of creating opportunities for women in the sector. Linda Oniwe | image supplied With more than a…
VezoPay, the South African company behind a battery-free tap-to-pay smart ring, has quietly gone live with Investec and Absa, taking its roster of banking partners to four in under a year. A fifth major retail bank is expected to follow before the end of 2026. Neither of the new launches has been announced officially. Investec…
Sen. Jim Banks, R-Ind., told NBC News’ “Meet the Press” Sunday that embattled Rep. Max Miller, R-Ohio, who is facing abuse allegations, should drop his re-election bid and resign “if the allegations are true.” Miller’s ex-wife Emily Moreno, the daughter of Republican Sen. Bernie Moreno of Ohio, accused the congressman of domestic violence. Miller has…
False payment declines are eroding bank revenue and customer loyalty. (Image created via ChatGPT) South African banks are losing significant amounts of interchange revenue as legitimate card transactions are increasingly incorrectly declined by outdated fraud detection systems. This is one of the key findings of a new report by payment technology provider BPC. It examines…
Fezile Dali, CIO for business and commercial banking at Standard Bank Group. (Image: supplied) Data and artificial intelligence (AI) are key priorities for Standard Bank’s business and commercial banking (BCB) unit, as it looks to unlock the promise of AI and generative AI. So said Fezile Dali, CIO for BCB at Standard Bank Group, in…
Endeavor South Africa MD Alison Collier For most of the past decade, a South African tech founder looking to sell had to hope a foreign buyer came knocking. That has changed – and it is the country’s banks doing the knocking. Newly released research by the SA SME Fund, Endeavor South Africa and industry body…
Optasia CEO Salvador Anglada Optasia will distribute more than US$6-billion in credit across its markets in 2026 – and it carries every cent of the default risk itself. In this episode of the TechCentral Show, CEO Salvador Anglada unpacks how the JSE’s biggest recent fintech listing actually works. Formerly known as Channel VAS, Optasia was…
