Standard Bank has slashed PayShap transaction fees to a flat rate of just R2 for any amount transferred up to the R3 000 limit. The move makes Standard Bank the second cheapest bank for instant payments powered by the PayShap payment rails, with TymeBank still leading the sector by charging no fees on PayShap transactions. “On…
Standard Bank has become the first African bank to directly integrate with China’s Cross-Border Interbank Payment System (CIPS), providing African companies with a faster route to pay Chinese suppliers in Renminbi, rather than routing transactions through the US dollar. The integration removes an extra step long embedded in Africa-China trade flows, where companies typically settled…
Standard Bank’s Nthabiseng Mohale Banks should review their pricing strategies for PayShap transactions to drive higher rates of financial inclusion and increase adoption of the rapid payments platform in South Africa. This is according to Nthabiseng Mohale, head of interbank and domestic payments at Standard Bank Group, who spoke to TechCentral at the launch of…
Standard Bank’s Nthabiseng Mohale Banks should consider lowering the fees they charge for PayShap transactions to drive higher rates of financial inclusion and increase adoption of the rapid payments platform in South Africa. This is according to Nthabiseng Mohale, head of interbank and domestic payments at Standard Bank Group, who spoke to TechCentral at the…
The third cohort of the Women in Tech Programme kicks off. Standard Chartered, in partnership with WomHub, announced the launch of the third cohort of the Women in Tech (WiT) programme. Standard Chartered South Africa has invested $50 000 to empower women‑founded tech enterprises. The WiT incubator programme aims to improve gender equality and innovation in science,…
Standard Bank on Tuesday launched a new virtual credit card with “advanced security features” that it said it has so much confidence in that it has made a 100% credit fraud protection promise to customers who use it. The bank said the virtual credit card includes a feature that lets clients use their banking app…
Standard Bank has warned its clients of a rise of “spoofing” scams in recent months, where fraudsters use AI-generated voices and e-mails to impersonate bank officials. “These scams are increasingly difficult for customers to identify, as calls and e-mails appear to come from their banks’ legitimate contact details,” the bank said in a statement on…
Current scams look and sound more real than ever before, says Standard Bank. Standard Bank is warning the public about fraudsters that are using artificial intelligence (AI)-generated voices and e-mails to impersonate bank officials. The big-four bank has witnessed a rise in these types of spoofing scams in recent months. Spoofing is a deceptive tactic…
Standard Bank Group CEO Sim Tshabalala. Luc Gnago/Reuters Standard Bank Group said on Thursday that its CEO, Sim Tshabalala, would retire towards the end of 2027 in line with its leadership succession planning. The announcement comes after the bank reviewed its retirement age for executives and decided to increase the normal age from 60 to…
Sim Tshabalala, Standard Bank Group CEO. Standard Bank, Africa’s biggest bank by assets, ramped up its technology spend in the six months to 30 June 2025 (H125), investing a total of R3.7 billion across its divisions. The JSE-listed financial services group revealed the figures in its interim results for 2025, noting that software, cloud and…
