Investec is launching a payments system for its corporate clients to process high-volume, low-value payments.
that focuses on high-net-worth individuals in South Africa, is expanding its business banking unit with a payments system for its corporate clients to process high-volume, low-value payments.— South Africa’s new low-value, real-time rapid payments platform — to build out its new banking offering, Kuben Naidoo, the bank’s head of corporate payments, said in an interview.
Investec, which is also listed in and has operations in the UK, has been pursuing the clients of its bigger South African rivals and seeking new sources of income in recent years to offset sluggish growth in the economy. GDP has expanded by an average of less than 1% over the past decade.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Need for ‘immediacy’ sees booming PayShap useRapid payments systems grow in popularity, with FNB reporting R2 billion in these transactions in the past year.
Read more »
PayShap payment limit raised to R50 000BankservAfrica has increased the upper payment limit for PayShap transactions from R3 000 to R50 000.
Read more »
Hackers release more data after gaining access to the financial information of many South AfricansN4aughtySecGroup has released files that appear to show it transferring fraudulently claimed SRD grants from TymeBank accounts to an Investec account.
Read more »
Fraud-accused sibling Nishani Singh dies in hospitalNishani Singh, one of two siblings accused of defrauding Investec Bank of millions of rands, has died in hospital.
Read more »
PayShap payment limit raised to R50 000BankservAfrica has increased the upper payment limit for PayShap transactions from R3 000 to R50 000.
Read more »
Need for ‘immediacy’ sees booming PayShap useRapid payments systems grow in popularity, with FNB reporting R2 billion in these transactions in the past year.
Read more »