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South African financial services provider Ubank, formerly Teba Bank, has helped improve the Kgorathuto High School in Botshabelo in the Free State province to mark the official opening of its first branch in Bloemfontein.
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.
South African bank Absa has launched the world's first Shari'ah compliant banking solution, in the form of an Islamic cheque value bundle offering customers a package of transactions and services for a flat monthly fee with cash-back rewards.
With tablet devices growing in popularity in South Africa, First National Bank has become the first of the country's retail banks to release a banking app customised for tablet devices.
South African banking group FirstRand says it aims to become a major player in Nigeria after its subsidiary, Rand Merchant Bank, secured an investment banking licence from the Central Bank of Nigeria.
The percentage of South Africans with a bank account increased from 47% in 2005 to 63% in 2011 after the launch of the country's first Financial Sector Charter, Finance Minister Pravin Gordhan said at the opening of the 4th Global Policy Forum in Cape Town on Wednesday.
First National Bank's mobile banking customers are now able to do their banking through social networking site Facebook. The service, a first for South Africa, allows customers to check their balances and purchase prepaid products while on Facebook.
Banking group Absa conducted South Africa's first live user trial of Near Field Communication (NFC) technology on mobile phones in December, with 500 of the bank's staff members using the technology in a commercial environment.