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   Mobile banking overtakes PCsThe Mobility 2009 research project, released yesterday Tuesday 3 November 2009, by leading market research organisation World Wide Worx, indicates that more people bank from their cellphones than from their PCs in South Africa. The study is being conducted in four phases, with the first three looking at the use of mobile technologies by small and medium enterprises (SMEs), consumers and corporations and the final phase exploring the mobile internet. 4 Nov 2009 10:07 Most SA urban cellphone users want to upgrade devices - study[Issa Sikiti da Silva] A recent study conducted by World Wide Worx and backed by First National Bank (FNB) and BlackBerry has revealed that many consumers out of SA's 16 million urban cellphone users are highly aspirational people looking to upgrade their phones, and are looking specifically for devices that have more features. 4 Nov 2009 09:24 Mobile in-store payment system, Ammo
Courts lash cash-strapped consumers[Jane Steinacker] Under the National Credit Act, consumers can ask for debt counselling and debt review to allow them to draw up a payment plan for their debts, rather than get a court judgment which effectively shuts them out of the credit system. 26 Oct 2009 20:52 Economic situation likely to dictate MTBPSThe unfavourable economic situation is likely to dictate Finance Minister Pravin Gordhan's Medium Term Budget Policy Statement (MTBPS) on Tuesday, 27 October 2009. 26 Oct 2009 15:17 MPC keeps repo rate unchangedSouth Africa's repo rate has been left unchanged at 7%, outgoing Reserve Bank Governor Tito Mboweni announced on Thursday, 22 October 2009. 22 Oct 2009 16:52 Repo rate likely to remain unchangedEconomists have predicted that the repo rate will remain unchanged when the Reserve Bank's Monetary Policy Committee (MPC) makes its decision later today, 22 October 2009. 22 Oct 2009 11:07 Conveyancing fraud seminar reveals increasesSenior members of the banking industry and the legal fraternity, recently came together to discuss fraud in the South African mortgage lending industry, which was co-hosted by Korbitec Property Division and GlenRand MIB. 15 Oct 2009 10:30 Finopoly targets non-subscribers
Cellphone banking drives mobile data growth
EAPs can improve bottom line[Chris van Rensburg] As the grip of the credit crunch continues to tighten purse strings worldwide, more and more consumers are experiencing financial stress. This is particularly true for those consumers who engaged in routinely poor credit management practices in the past - e.g. paying late, skipping payments or exceeding credit card limits. The impact of this type of behaviour is amplified in today's economy where escalating debt and unfavourable credit ratings make accessing loans and credit an elusive prospect. 12 Oct 2009 09:55 Bankserv introduces global standard messagingBankserv has introduced a new XML (extensible mark-up language) format, to be known as Extended Funds Transfer Messaging, for EFT payments enabling direct debits and credit transfers to be delivered in message formats aligned to international standards. 12 Oct 2009 09:37 Latest jobs | Weather   Other industry news
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Ammo, wiWallet's first mobile wallet, launched by Brandnew Marketing on behalf of LifeWorld, a company that offers customer-based loyalty programs, is currently being introduced to Cape Town through a series of activations. 
Fin24.com has launched an online game called Finopoly aimed at encouraging readers to engage with financial markets and find out more about investment options, news and trends on the Fin24.com news portal. It aims to encourage people to start playing an active role in their personal wealth creation. 
Mobile network operators in South Africa have seen a significant evolution and growth in mobile data usage over the past two years driven primarily by services such as mobile Internet and other multimedia services. 
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