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Stanbic Bank extends digital international payments offering
Harare, 21 May 2025 - Leading financial services institution, Stanbic Bank, has digitized its international payments facility for all its clients in line with its commitment to provide seamless, acces...Published: 21 May 2025 at 19:56hrs | 677 | by Agencies
NMBZ finalises US$70m external credit lines
Zimbabwe Stock Exchange-listed financial services group NMBZ Holdings is on the verge of securing external lines of credit worth over US$70 million, as part of its broader strategy to unlock US$100 mi...Published: 19 May 2025 at 09:19hrs | 84 | by Staff reporter
EcoCash Holdings posts strong profit growth in half-year results
EcoCash Holdings Zimbabwe Limited has posted impressive results for the half-year ending August 31, 2024, highlighting the resilience of its business model and the effectiveness of its strategic initi...Published: 21 Nov 2024 at 06:21hrs | 33 | by Staff reporter
South Africans lost R1 billion to digital banking fraud
Money lost by South Africans to digital banking fraud increased from R735,000 in 2022 to R1.1 billion in 2023 - a 47% increase.This is according to the South African Banking Risk Centre's (Sab...Published: 08 Nov 2024 at 16:33hrs | 632 | by Staff reporter
Jamboo joins Crowdcube in groundbreaking fundraising campaign
Fintech company Jamboo has embarked on an exciting new chapter, launching its fundraising campaign on Crowdcube, the UK's largest crowdfunding platform. Jamboo, co-founded by Zimbabwean entrep...Published: 23 Oct 2024 at 20:23hrs | 378 | by Agencies
Zimbabwe police question insiders over US$4m Ecobank heist
Armed robbers who stole US$4 million from an Ecobank branch in Bulawayo last Thursday are believed to have had inside information, according to the Zimbabwe Republic Police (ZRP), which has intensifie...Published: 08 Oct 2024 at 07:23hrs | 2032 | by Staff reporter
EcoCash to invest in banking technologies
EcoCash Holdings Zimbabwe Limited (EcoCash) plans to invest in technologies to expand its banking unit, Steward Bank, after transferring its fintech firms to Econet Wireless Zimbabwe. This move was ap...Published: 02 Jul 2024 at 11:16hrs | 11 | by Staff reporter
Stanbic Zimbabwe rolls out cash deposit machines
Stanbic Bank Zimbabwe is introducing cash deposit machines in US dollars throughout the country as part of its ongoing digital transformation efforts as a leading financial institution.These m...Published: 01 Nov 2023 at 17:49hrs | 24 | by Staff reporter
Norsad Capital provides CABS Zimbabwe with a Medium-term Credit facility of USD10 million
Norsad Capital, an impact investor, and private creditor provider, offering tailor-made debt solutions to mid-market growth companies in Sub-Saharan Africa, has provided Central Africa Building Societ...Published: 21 Nov 2022 at 09:51hrs | 9 | by Agencies
EcoCash records modest growth in first quarter
ECOCASH Holdings Zimbabwe Limited recorded modest growth in the first quarter to May 31, 2022 supported mainly by the fintech business which remains the group's highest revenue contributor.In ...Published: 02 Aug 2022 at 06:43hrs | 1 | by Staff reporter
The latest risks & opportunities in the cryptocurrency market
The cryptocurrency markets never stand still. For some, that is their greatest feature, but for others, it's what stands in the way of mass adoption of alternative currencies. What are the latest risk...Published: 28 Apr 2022 at 16:20hrs | 26 | by Staff Writer
Steward Bank confident it has turned the corner
Steward Bank, which is considered a pioneer of mobile banking on the local market, has already begun the second phase of its system upgrade that is largely expected to consolidate its success in minim...Published: 13 Mar 2022 at 08:02hrs | | by Staff reporter
Over 400 workers lose jobs to bank digitisation
AT least 321 bank workers were retrenched between 2020 and 2021 while a further 119 are set to be laid off this year as the sector embraces digital transformation, amid calls to retrain staff to take ...Published: 11 Feb 2022 at 16:46hrs | 1 | by Staff reporter
Steward Bank retrenches workers
Steward Bank, Zimbabwe's largest bank by customer base, says it is reviewing its structures and operations to adapt to technological changes in a move that will see the institution rationalise its sta...Published: 02 Feb 2022 at 05:25hrs | 6 | by Staff reporter
Steward Bank profit up 263% to $252 million HY
STEWARD Bank Zimbabwe has shrugged the disruptive impact of the Covid-19 pandemic and inflationary pressures to report impressive half-year financial results to+ August 31, 2021.The bank, a su...Published: 23 Nov 2021 at 05:55hrs | 15 | by Staff reporter
More convenience for citizens as Steward Bank launches domestic USD remittance service
Steward Bank, the country's largest bank by account holders, has launched a US dollar domestic remittance service that is set to ease the burden for millions of Zimbabweans who need to safely and secu...Published: 25 Oct 2021 at 17:49hrs | 3 | by Agencies
EcoCash shrugs headwinds to posts solid results
EcoCash Holdings Zimbabwe Limited, formerly Cassava Smartech Zimbabwe Limited, reported solid operating results for the year ended February 28, 2021, despite strong economic headwinds in the country d...Published: 19 Oct 2021 at 06:31hrs | 4 | by Staff reporter
Current digital banking trends in the US
Due to the pandemic, most industries across the globe have been forced to adapt and transform ways of doing business. Digitization has arguably been the most important tool for this, due to social dis...Published: 06 Oct 2021 at 12:23hrs | 28 | by Staff Writer
Over R500m lost in SA debit card scams
Gross losses due to fraud committed on South African-issued debit cards amounted to R520,5 million in 2020 – an increase of 26.5 percent compared to 2019.This is according to 2020 crime stat...Published: 30 Sep 2021 at 07:12hrs | 5 | by Staff reporter
'Zimbabwe bank charges too high'
INVESTMENT banker and business man Dr Nigel Chanakira says the prevailing banking sector charges are still too high and make the formal banking system expensive in an economy trying to rise from turmo...Published: 27 Sep 2021 at 06:14hrs | 2 | by Staff reporter
Cassava Smartech Zimbabwe, now trading as EcoCash Holdings Zimbabwe, in strong showing at ZITF
BULAWAYO - Diversified fintech giant Cassava Smartech Zimbabwe Limited, which is now rebranding as EcoCash Holdings Zimbabwe Limited, is exhibiting at this year's Zimbabwe International Trade Fair (ZI...Published: 21 Sep 2021 at 18:56hrs | 19 | by Agencies
Access to NMBConnect now free on Econet lines
Econet customers can now access NMBConnect, NMB Bank's Digital Branch, free of data costs. This was announced today by NMB Bank chief executive Ben Washaya, who said work was underway to conclude a si...Published: 15 Jun 2021 at 13:40hrs | 9 | by Agencies
Keeping your data locked down: how do websites keep your personal data secure?
Although the rise of the digital economy has been underway for quite some time, it seems that in the last year or so the global transition to a fully digital, near cashless society has increased signi...Published: 17 May 2021 at 14:35hrs | 11 | by Staff Writer
Lawyer's bid to close down digital banking platforms flops
A HARARE lawyer's attempt to have all mobile-based digital banking platforms of FBC Bank closed after an imposter used his name to fraudulently open an account with the bank for criminal activities, f...Published: 14 Apr 2021 at 06:22hrs | 1 | by Staff reporter
Stanbic sets up remote branches for tobacco season
Harare - 09 March 2021 Leading financial services institution, Stanbic Bank, has set up nine remote branches at tobacco auction floors throughout the country to enable ease of access to funds for toba...Published: 09 Mar 2021 at 14:39hrs | 3 | by Agencies
NMB Bank's digital innovation disrupts banking landscape
NMB Bank has launched a Virtual Branch on their digital platforms, enabling customers to carry out all cash transactions online, including paperless multi-currency cash deposits and withdrawals, Dstv ...Published: 09 Mar 2021 at 09:45hrs | 2 | by Staff reporter
Stanbic bank employs virtual assistant for enhanced client experience
Stanbic Bank has launched a virtual assistant/a chatbot, aptly named "Stan", set to shorten the response time for customer queries as part of the bank's digitization drive.The chatbot, Stan, h...Published: 03 Feb 2021 at 08:58hrs | 1 | by Agencies
Stanbic Bank to step up COVID-19 mitigation measures through digitisation
Leading financial services institution, Stanbic Bank, is banking on its top-notch innovative mobile and internet platforms to ensure its clients are well served throughout the 30-day lockdown....Published: 08 Jan 2021 at 11:33hrs | 13 | by Staff reporter
Stanbic Bank zero-rates digital banking platform for clients
Stanbic Bank Zimbabwe has taken the cost of accessing some of its digital banking platforms charges from the customer to the bank. As a way of enabling their customers to enjoy the convenience of digi...Published: 16 Dec 2020 at 14:33hrs | 1 | by Agencies
Stanbic shuts two more branches
STANBIC Bank Zimbabwe says it is closing branches in Hwange and Westgate, Harare, in line with its digitisation strategy.Early this year Stanbic discontinued operations at the Chitungwiza and ...Published: 04 Dec 2020 at 06:37hrs | 7 | by Staff reporter
Stanbic continues with digital banking agenda
HARARE - 30 NOVEMBER 2020 Stanbic Bank continues to implement its digitization strategy as it seeks to remain in sync with the futuristic need for technological advancement as well as the dictates of ...Published: 30 Nov 2020 at 10:44hrs | 9 | by Agencies
Stanbic launches contactless debit cards and POS machines
Leading financial services institution, Stanbic Bank is set to launch contactless debit cards and POS machines as the institution pushes ahead with its highly innovative technology advancement approac...Published: 09 Sep 2020 at 10:13hrs | 3 | by Staff reporter
Stanchart Bank closes branch
Standard Chartered Bank, one of the country's biggest and oldest financial institutions, has said it will close its Gweru branch next month and transfer the city's accounts to Bulawa...Published: 06 Sep 2019 at 06:59hrs | 1 | by Staff reporter
Lance Mambondiani joins BancABC Zimbabwe
The Board, Management and Staff of BancABC Zimbabwe welcome Dr. Mambondiani to the BancABC team. Dr. Mambondiani has been appointed as Managing Director and CEO for BancABCZmbabwe with effect ...Published: 27 Jun 2019 at 08:58hrs | 1 | by Staff reporter
Mnangagwa unleashes CIO on cash barons
FINANCE minister Mthuli Ncube will this week meet with the country's State security agents for a briefing on the soaring foreign currency shortages as government tightens the noose on highly-placed fo...Published: 22 Oct 2018 at 06:44hrs | 1 | by Staff reporter
'Adapt technology to solve African problems'
"It is important for us as Africans to understand the challenges we face and find ways of using technology to solve them," NMB Bank chief operating officer Gerald Gore told participants in the Enactus...Published: 05 Jun 2018 at 17:35hrs | | by Agencies
Adapt technology to solve African problems, says NMB COO
"It is important for us as Africans to understand the challenges we face and find ways of using technology to solve them," NMB Bank chief operating officer Gerald Gore told participants in the Enactus...Published: 04 Jun 2018 at 14:38hrs | | by Tafara Shumba
What's next for Zimbabwe's economy?
"Bob is gone." At the end of November 2017, under intense pressure, Robert Mugabe stepped down as president of Zimbabwe - a position the controversial leader had held for 30 years. Global response to ...Published: 04 Apr 2018 at 13:59hrs | 2 | by Dustin Homer, Director of Client Solutions, Fraym
Metbank 'branchless' banking sets new tone for innovative banking
Harare - Zimbabwe's Metbank has set the tone for innovative digital banking with its intentional and strategic 'branchless banking', and has been hailed for creating employment opportunities for sever...Published: 01 Feb 2018 at 14:49hrs | 14 | by Tapiwa Vhurundiya
NMBZ performing well, AGM told
NMBZ Holdings expects its June 30 half-year performance to be better than last year's and its 2017 performance to surpass that of 2016, barring a significant deterioration in the economy, its chief ex...Published: 24 May 2017 at 15:51hrs | | by Mike Hamilton
Resilient FNB bank a jewel in SA
Johannesburg - First National Bank ("FNB") is a registered commercial bank and one of the biggest four banks in South Africa. It is the oldest bank in South Africa, having been established in 1838 and...Published: 14 Apr 2017 at 22:20hrs | | by Vusumuzi Moyo
Standard Chartered launches Africa's most extensive roll out of mobile and online banking
Digital Banking made easier, faster and safer for over 1 million clients across 8 markets LONDON - Standard Chartered Bank (www.SC.com) is bringin...Published: 31 May 2016 at 17:12hrs | 3 | by APO
Time to change from our dogmatist approach
"Without courage we cannot practice any other virtue with consistency. We can't be kind, true, merciful, generous, or honest" Maya Angelou. The resonance of wise words by Maya Angelou allow for applic...Published: 10 Apr 2016 at 17:30hrs | | by Tanaka Karanda
Zimbabwe's ATMs allow cardless transactions
Zimbabwe's Econet Wireless has switched on airtime purchases and cardless mobile money transactions on automated teller machines (ATMs) owned by Steward Bank, which it controls, ...Published: 19 Feb 2015 at 15:06hrs | | by Fin24
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