for subscribers

16 Nov 2020

add bookmark

It's digital banking gone crazy as banks join e-commerce - but why?

Londiwe Buthelezi

Share your Subscriber Article

You have 5 articles to share every month. Send this story to a friend!

Nedbank's Avo App is more of an online store than a bank App.
Photo: Supplied by Nedbank

Nedbank's Avo App is more of an online store than a bank App. Photo: Supplied by Nedbank

Banks are using their apps and other digital platforms to win customers over in the fast-paced world that has been accelerated by new digital entrants, but recent trends suggest they are also working on getting a bigger share of their customers' wallets with their new value-added service.

There’s more to this story

Subscribe to News24 and get access to our exclusive journalism and features today.

Already a subscriber? Sign in

Pandemic-induced credit losses could hit $1 trillion, BIS says

1h ago

Pandemic-induced credit losses could hit $1 trillion, BIS says

Currencies Commodities Jse Indexes

ZAR/USD

15.07

(-0.28)

ZAR/GBP

21.04

(-0.15)

ZAR/EUR

18.16

(+0.10)

ZAR/AUD

11.67

(-0.12)

ZAR/JPY

0.14

(-0.06)

Gold

1746.24

(+0.45)

Silver

26.84

(+0.31)

Platinum

1210.50

(+1.25)

Brent Crude

64.95

(0.00)

Palladium

2349.00

(+0.32)

All Share

67754.88

(+2.44)

Top 40

62311.45

(+2.56)

Financial 15

12503.66

(+2.49)

Industrial 25

88543.80

(+2.79)

Resource 10

68986.74

(+2.26)

All JSE data delayed by at least 15 minutes

Have you claimed the interest on your rental deposit?

Yes, and I've gotten it.

21% - 1037 votes

No, I did not.

52% - 2591 votes

My landlord refused

28% - 1396 votes

Vote

Previous Results

Covid-19 Money Hub - answering your business and money questions during the crisis

22 Jul 2020

Covid-19 Money Hub - answering your business and money questions during the crisis

MONEY CLINIC | I have R50K to invest. Can I live off the interest within 10 years?

13 Feb

MONEY CLINIC | I have R50K to invest. Can I live off the interest within 10 years?

This is where foreigners are still buying prime property in SA, and why

07 Feb

This is where foreigners are still buying prime property in SA, and why

MONEY CLINIC | I want to sell the home my ex and I still live in. How do I go...

06 Feb

MONEY CLINIC | I want to sell the home my ex and I still live in. How do I go about it?