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All posts tagged "mobile banking"

  • Smartphones set to change mobile banking for good

    The way we do banking on our mobile phones is changing rapidly, very rapidly. While most cellphone banking in emerging markets like South Africa is still conducted via text messages, people are increasingly also using phone browsers for their banking. In fact, the latest survey results from tech research company World Wide Worx suggest that more than a third of South Africans now use their browsers for mobile banking. That said, only five percent of cellphone bankers exclusively use phone browsers for the purpose, but a further 36% use their browsers as well as text-based services like USSD and...

  • A geek at the helm: Memeburn’s interview with Vodacom CEO Pieter Uys

    It’s not often that a geek rises to the top of a multi-billion dollar company. These are spots frequently filled by accountants or lawyers. But times are changing. In a technology-driven world, the geeks are rising to the top. We know Microsoft was run by a geek (possibly the geekiest CEO of all time?) and Steve Jobs was somewhat of a geek (more a design-obsessed geek than anything else). In the startup world, technology investors frequently refuse to put their money behind startups unless at least one of the founders has strong geek credentials (they quite like programmers). Enter Pieter Uys....

  • First National Bank app now available on BlackBerry Curve

    One of South Africa's top four banks, First National Bank (FNB), has announced that its successful mobile banking application is now available for download on the majority of BlackBerry smartphones. Users of the popular BlackBerry Curve and Bold series will also be able to download the app which was featured as app of the week on Gearburn.com. Farren Roper Head of Products and Markets at FNB Connect says "we launched our App with touchscreen BlackBerry smartphones and had an overwhelming response from keypad device customers to make the app available to them as well." Roper went on to say that,...

  • First National Bank launches smartphone, tablet app

    A first for the continent, one of South Africa's Big Four banks, First National Bank (FNB) has launched an online banking app for smartphones and tablets. FNB says the app delivers a unique user experience by combining “the benefits of banking with the power of a smartphone or tablet”. Michael Jordaan, CEO of FNB says the app speaks to "FNB’s strategic drive to be the leader in innovative banking through the use of...

  • Reports: Google to announce smartphones will replace credit cards

    If one thought that Google would take a minute's rest after yet another highly successful I/O conference earlier this month where a slew of new Google products and developments – most notably Google Music – were announced and released, think again. According to "a source familiar with the matter", Google is expected to launch what just may be its most groundbreaking innovation yet – smartphones that we'll use like credit and debit cards. According to these sources, on Thursday, in a New York press conference the California-based internet giant has called to see its "latest innovations" -- but will not...

  • India’s mobile banking sector set to grow

    India's poor populace could benefit from mobile banking, experts say. The hundreds of million with no access to financial services may put their faith in staggering pace that mobile phones usage is growing. Banking by phone could transform the workings of the rural economy, but the industry first needs to allay fears about transaction security and overcome low literacy levels and banks' limited reach in remote areas. Leading figures from the telecoms and banking...

  • Mobile web exploding, but mobile sales lagging… for now

    It's no secret that the world has suddenly woken up to the mobile web explosion. Exponential statistics abound and atmospheric graphs shoot up and away from the X and Y axes as the growth is unprecedented in technological history. The internet will very soon be in the hands of practically every single person on this planet. Recently research firm World Wide Worx exposed some of the findings of its Mobility 2011 report, which reveals that 39% of urban South Africans and 27% of rural users are now using the internet on their cellphones, which equals about 6 million South Africans....

  • The mobile banking race begins in Nigeria

    Last week I got a visit from Peter Afam Emeleogu, an old contact from TED Africa in 2007. We’ve both been busy in the intervening years, exploring how technology can be used to overcome inefficiencies in the system. Peter’s journey started when he realized the market value of mobile credit as a currency. In Nigeria, mobile payment systems weren’t licensed by the Nigerian Central Bank until December 2010 -- 2 months ago. So, until this time, mobile payment and transaction entrepreneurs had to be highly creative in order to meet consumer demands – thus the use of mobile credits...

  • AMMO: A fresh approach to mobile banking

    As I write this story, I’m tucking into my free lunch. Yep, that’s right, I said free lunch. Remember when you were told that “there’s no such thing as...”? Well, that’s because I’m eating it. Vida e caffè just gave me a croissant and a cappucino without a penny leaving my pocket and all because I signed up to AMMO Mobile, a trendy new mobile banking application developed locally that has come swaggering onto the mobile banking playing field with the confidence of a seasoned veteran. AMMO Mobile’s funny, hip and user-friendly website keeps you entertained while you register to...

  • Mobile apps far outpace mobile browsing, reveals study

    When it comes to internet useage via mobile devices, applications far outpace browsing, even though both types of activity are available on almost two-thirds of the phones used by urban cellular users, reveals a new study. The study, "Mobile Internet in South Africa 2010" by respected research firm World Wide Worx, shows that usage of specific applications like Facebook Mobile and mobile instant messaging (IM) client MXit are used more than accessing the web via the phone's browser, also known as WAP browsing. The study was conducted via face-to-face interviews among South African urban cellphone users aged 16 and older,...