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South Africa's First National Bank (FNB) has unveiled an innovative automatic teller machine (ATM) capable of delivering full digital banking via retail outlets to remote rural areas beyond the business reach of conventional ATMs.
US electronic payment services company First Data is to acquire CashAxcess, which offers a range of ATM products and services to the South African corporate and retail market, from local investment groups Mvelaphanda and Venfin for an undisclosed sum.
The 2010 Fifa World Cup will not only boost South African tourism, it will also be an opportunity for the country to show off its sophisticated banking system to the world.
A revolutionary financial system set to be introduced by the department of justice will allow divorced women to draw their maintenance money from automatic teller machines installed at magistrates courts throughout South Africa.