By far the most interesting service that banks recently introduced to their businessÂowner clients is an online accounting package, introduced by FNB.
Banks confirmed last week that they will refund customers who bought tickets for flights on Nationwide Airlines or concerts by singer Josh Groban using either a debit or credit card.
The banking industry will install new ATMs throughout the country despite recent bombings, the South African Banking Risk Information Centre said on Monday.
Many card issuers offer the budget facility as a vehicle for card holders to consolidate their existing debt and — in return — they offer customers an incentive in the pricing, in the form of preferential interest rates.
The rising popularity of debit cards complements the traditional credit card market.
FNB has come to the market with an aggressive pricing package that provides free and unlimited electronic banking for R66 a month.
The South African credit card industry is bracing itself for a new round of innovation and competition.
Standard Bank Group, 20% owned by the Industrial and Commercial Bank of China (ICBC), will explore global banking acquisition opportunities jointly with its Chinese partner.