Mastercard and Entersekt have collaborated to enable Nedbank’s customers to make QR payments to Masterpass, Pay@, SnapScan, and Zapper merchants and billers through the Nedbank Money app, whether they are paying online or at a physical point of presence.
Nedbank is one of South Africa’s major banking groups, offering the full range of wholesale and retail banking services through a growing footprint across Africa.
Rand Merchant Investment Holdings (JSE:RMI) through AlphaCode, RMI’s innovation hub for fintech entrepreneurs and Nedbank Private Equity (NPE) through its private equity investment vehicle, BoE Private Equity Investments, have each acquired minority shareholdings in Entersekt in a multi-million dollar transaction.
NCR Corporation (NCR), a global leader in omni-channel solutions, today announced that Nedbank (JSE:NBKP), one of the largest banks in the country, will be the first bank in South Africa to introduce NCR Interactive Teller.
Volante Technologies Inc., a global leader in the provision of software for the integration, processing and orchestration of financial messages, data and payments, together with its South African partner Bytes Universal Systems, have been selected by Nedbank to facilitate the transformation of its financial payments message service layer across multiple Nedbank entities.
Bytes Managed Solutions (“Bytes MS”), the exclusive South African partner of NCR Corporation (NYSE: NCR), the global leader in consumer transaction technologies, today announced that Nedbank Group, one of the four largest banking groups in South Africa, has selected 250 units of NCR Cash Recycler 11 to significantly increases customer satisfaction by reducing wait times by up to 50 percent and allowing tellers to provide a more personal and efficient service.
Gemalto (Euronext NL 0000400653 GTO), the world leader in digital security, announces that Nedbank Ltd, a leading commercial bank in South Africa, is deploying its Ezio eBanking solution to provide their wholesale customers with unmatched online transaction security and superior convenience.
With EMV's continued expansion overseas and impending adoption in the U.S., fraudsters are turning away from scamming physical credit and debit cards and instead setting their sights on the card-not-present space online.
Jason De Swardt, head, payment services hub, Nedbank, discusses the challenges of replacing a legacy system, how Nedbank is diversifying in the South African market and what consumers really want from a payments experience.
Nedbank Limited, one of the four largest banking groups in South Africa, with more than US$ $70bn in assets and offering services such as wholesale and retail banking, insurance, and asset management, has selected Oracle FLEXCUBE to modernize its infrastructure and improve operating efficiency and customer service delivery.
© Finextra Research 2019