As South Africa’s banking sector faces increasing competition from new digital entrants, a fierce battle still rages on among the ‘legacy’ institutions.
South Africa's major banks are increasingly leveraging existing non-bank infrastructure to broaden their customer reach in an efficient and affordable way, a new study by Genesis Analytics and the Financial Sector Conduct Authority (FSCA) shows.
David Pfaff, chief financial officer at Tyme Bank, has provided an overview of some of the key banking trends which are likely to emerge in South Africa in 2022.