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  • IDEX Biometrics: Mobile Payments Only Slightly More Popular Than Checks

    IDEX Biometrics: Mobile Payments Only Slightly More Popular Than Checks


    2018-11-01 [ Industry News ]


    A recent report from IDEX Biometrics seems to contradict some studies out of the UK that we’d been hearing about for some time now. The study in question found that, in the UK, mobile payments systems are actually only somewhat more popular than paper checks. Just because mobile payments are down on the food chain, though, doesn’t mean that cash is king.The IDEX Biometrics study found that payment cards—both contactless or otherwise—were the undisputed king of payments in the UK, with 75 percent of respondents coming out in favor. Cash, meanwhile, was a distant second at 21 percent. An even mo......

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  • Absa Enables Account Opening Via Mobile App

    Absa Enables Account Opening Via Mobile App


    2018-10-26 [ Industry News ]


    Absa has introduced a quick, simple and convenient end-to-end account opening for new customers, through the Absa Banking App which can be downloaded from the Android and Apple stores. This innovation follows the launch of the world first ChatBanking on WhatsApp service and is another innovative way Absa is fast becoming a digitally-led bank, that is centered around the ever-changing needs of customers.This “download your account” feature enables new customers to Absa, to open a Cheque account, order their card and start transacting on the Absa Banking App, all within minutes, from anywhere an......

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  • UnionPay Belt and Road Commercial Card debuts at Canton Fair

    UnionPay Belt and Road Commercial Card debuts at Canton Fair


    2018-10-26 [ Industry News ]


    UnionPay International announced today it has signed an agreement with Kenya Commercial Bank (KCB), the largest bank in Kenya, at Canton Fair, also known as The China Import and Export Fair, to issue the world’s first UnionPay Belt and Road Commercial Card in Kenya. Offering unique privileges for business travel, transportation and trade, the Belt and Road Commercial Card brings more payment ease to UnionPay cardholders outside mainland China.Since the proposal of the Belt and Road Initiative, China continues to deepen its trade and economic cooperation with countries and regions participating......

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  • FNB Clients Embracing In-App Messaging for Banking

    FNB Clients Embracing In-App Messaging for Banking


    2018-10-26 [ Industry News ]


    FNB has recorded a 56% increase in the number of FNB Premier clients who used ‘Secure Chat’ between July 2017 and July 2018. ‘Secure Chat’ is FNB’s instant messaging service on the FNB App that clients can use to contact their team of bankers.App logins further increased by 55% with the average number of logins per month increasing by 17%, over the same period.Kamal Kalian, FNB Premier CEO, says FNB’s digital migration strategy continues to yield positive results with a significant number of clients now using digital banking channels to manage their day to day finances. Kalian adds that the ba......

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  • Karri App for School Payments Expands Offering to Any Organisation

    Karri App for School Payments Expands Offering to Any Organisation


    2018-10-26 [ Industry News ]


    The Karri app, launched in April last year, has grown to just under 300 South African schools driven by parent and teacher demand for a solution to school payments. Due to the success of this collections platform, Karri has expanded its offering to include collections for just about any purpose or organisation that wants to collect from its members.Doug Hoernle, the founder of Karri, explains, “Karri has provided a phenomenal solution to any school collecting funds for school outings, tours, civvies days and school fees. Instead of parents sending envelopes full of cash to their school, they c......

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