Nedbank
Ukheshe Joins Forces with Mastercard and Nedbank in South Africa
Mastercard, Nedbank, and Ukheshe have launched Third-Party Processing Services (TPP) in South Africa which will give everyday businesses access to prepaid and virtual cards. Clayton Hayward, CEO of Ukheshe, says that through Ukheshe’s innovative payment solutions, businesses in South Africa can now issue virtual prepaid cards to employees or customers. Providing recipients with improved financial freedom where they have the option to earn rewards, incentives, and have a secure card that can work anywhere in South Africa while building brand association. Ukheshe will leverage Mastercard Processing, which enables it to launch secure prepaid payments programs to its customers with greater speed, flexibility, and convenience. Through this new relationship, prepaid products will be processed th...
24 Million South Africans at Risk After Experian Hack
South Africa has just been hit a major data breach that may have put the personal information of as many as 24 million South Africans at risk. This information could include First and last names, ID numbers, Telephone numbers, Physical addresses and Email addresses. Experian South Africa – business and credit information services agency – has confirmed that “an individual in South Africa, purporting to represent a legitimate client, fraudulently requested services from Experian”. This resulted in the “release of information which is provided in the ordinary course of business or which is publicly available.” The South African Banking Risk Information Centre (SABRIC) says that “Banks have been working with Experian and SABRIC to identify which of their customers may have been exposed to the...
Nedbank Unveils ‘First in Africa’ Contactless Payments Solution
Nedbank is testing a new contactless payments solution that allows all merchants and business owners to convert their mobile phones into ‘payment acceptance devices’. In a first for Africa, Nedbank is currently the only bank to offer this capability. The ‘Tap-on-Phone’ solution is said to make it easier for SMEs to use their compatible smartphones to accept quick, easy, and secure, payments from their customers for goods or services. Nedbank says that this solution, which is inspired by the current COVID-19 pandemic and the resulting social distancing rules, enables contactless payment acceptance and there’s no health risk to the merchant or customer. “The challenges presented by COVID-19 demand that the world of payments evolves even quicker, and banks must respond by providing innovative...
Nedbank Takes Home 5 Accolades at the 2020 Global Banking and Finance Awards
Image sourced from Nedbank Nedbank had revealed that it walked home with five accolades at this year’s International Banker Awards for the Middle East and Africa. These awards included recognition for the Best Banking Technology Implementation, Most Innovative Digital Branch Design, and Most Innovative Retail Banking App in South Africa in 2020. Nedbank also took top honours as the Best Retail Bank in South Africa for the second consecutive year, and Nedbank CIO, Fred Swanepoel was announced CIO of the Year in South Africa in the Technology Leadership Awards category. According to Ciko Thomas, Group Managing Executive for Nedbank Retail & Business Banking, the numerous awards validate Nedbank’s commitment to constant innovation – particularly in the digital space. “Nedbank’s continuous...
Nedbank to Offer Free Online Education and Skills Based Courses
Image sourced from Nedbank Nedbank has announced that it is partnering with global educational institution Shaw Academy to offer free online interactive courses to its customers during the COVID-19 pandemic. With 1 million job losses predicted as a result of the current economic crisis, Nedbank hopes this move will see hundreds of customers given access to a range of subjects focused on developing practical skills such as finance, photography, health and fitness, marketing, technology, design, beauty, music and business. During a period where people both have more time on their hands and where existing experience is not necessarily enough to ensure job security, providing a means for them to reskill or upskill – potentially creating new employment opportunities – is particularly relevant. ...
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