Nedbank is the latest non-telecommunication brand to enter the mobile market, launching an MVNO – or mobile virtual network operator. Nedbank Connect has partnered with MTN South Africa to provide the service to its clients and is offering aggressively priced data and voice plans. The build-your-own plan feature enables custom combinations of data, minutes and…
Nedbank has agreed to acquire Durban-based fintech iKhokha for R1.65bn in an all-cash deal. The transaction, which is subject to regulatory approval, is expected to be finalised in the coming months. According to a statement cited in a MyBroadband report, the bank said the acquisition will allow it to merge iKhokha’s payment technology with Nedbank’s…
Nedbank has acquired Durban-based payments fintech iKhokha in an all-cash deal valued at R1.65 billion. This acquisition is a significant move for Nedbank, as it looks to strengthen its support for small and medium-sized enterprises (SMEs) in South Africa. Read: Bandwidth Blog & Smile 90.4FM Tech Tuesday: iPad Pro and VR? “The acquisition is a…
Nedbank has acquired Durban-based payments fintech iKhokha for R1.65-billion in an all-cash deal. According to Nedbank, the acquisition marks a “significant milestone” in the bank’s strategy to deepen its support for small and medium-sized enterprises. “The acquisition is a pivotal moment in our strategy to empower the SME market,” said Ciko Thomas, group managing executive…
When Nedbank realised early last year that its mammoth core banking overhaul and modernisation programme was going awry, it turned to Marijke Guest for help. Guest, CIO of Nedbank Corporate and Investment Banking (CIB) and payments, and a veteran of the financial services group, tells TechCentral’s Meet the CIO about how the bank realised it…
