Newcomers to the banking industry are encroaching on markets controlled by the traditional “big four” banks. And they are just getting started.
Browsing: Bank Zero
Bank Zero, which offers an app-driven digital banking services for individuals, is now providing commercial banking, too.
Magstripes remain used in markets around the world, including South Africa, despite obvious security risks. Why?
SaaS, or software-as-a-service, subscriptions have been increasing in price at rates above inflation for years.
Bank Zero has announced a partnership with iKhokha to provide business customers with a free-to-use card machine solution.
Niel Schoeman and Johan “Joe” Pretorius are behind a new digital currency venture hoping to fight climate change.
South Africa’s upstart lenders are leveraging their low-cost advantage to challenge the dominance of bigger and more established rivals, according to a report.
Bank Zero account and transaction fees will also remain exactly the same next year, meaning they have been unchanged since the mutual bank went into beta last year.
South Africa’s newest bank, Bank Zero, is now accepting new customers following a closed roll-out phase. Applications will be “throttled” to ensure that the bank’s seamless onboarding experience is not overwhelmed.
The rationale for introducing new players in the South African banking industry appear to be based, for the most part, on the wrong notions. By Rabelani Dagada.