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The FirstRand Group was established in 1998, by the merger of First National Bank of South Africa, Rand Merchant Bank and Momentum Insurance & Asset Management. FirstRand is listed as a "locally controlled bank" by the South African Reserve Bank , the national banking regulator. [ 8 ]
FNB Connect is a supplier of data for South African ADSL subscribers. [2] FNB Connect also offers VoIP services for its clients. [3] It is one of the first South African VoIP suppliers to have developed a VOIP application for the iPhone, Windows Mobile and Symbian mobile phones plus a PC version for Windows and Linux and a web based digital ...
The FirstRand group's history traces back to the 1970s as an investment bank.The group as currently was established on 1 April 1998, through a merger of the financial services interests of Anglo American Corporation of South Africa Limited (now Anglo American plc) and RMB Holdings (RMBH) in order to achieve the objective of a unified financial services grouping.
Virgin Money SA launched their Spot app cashless platform in February 2018. [5] As of July 2019 the Spot app had 400,000 users. [6] Following the discontinuation of the Virgin Money South Africa credit card, [7] the company and app was acquired by its management and a local private equity company, [8] and renamed Spot Money. [9]
The bank is 45% black-owned and 20% female-owned. [6] Instead of outsourcing traditional pre-ready banking packages, Bank Zero relies on a core banking platform. [7] By the end of 2018, after integration with the South African Reserve Bank, Bank Zero was a full settlement bank.
This is a list of commercial banks and other credit institutions in South Africa, as updated late 2024 by the Reserve Bank of South Africa. [1] [2]
First National Bank Ghana is a subsidiary of First National Bank South Africa, which is the retail banking arm of FirstRand Group, a large financial services conglomerate, headquartered in South Africa and whose shares are listed on the JSE Limited, where they trade under the symbol: FSR. [6]
TymeBank is a South African digital bank aimed at the lower income market. [1] [2] Headquartered in Rosebank, Johannesburg, TymeBank does not have any physical bank branches and relies on an Android banking App, and Internet Banking site and a partnership with two retail chains, Pick n Pay and Boxer, to host a national network of self-service kiosks that facilitate the account opening process.