Articles about Absa

Cross Switch, Absa expand secure checkout with Absa Pay

Merchants on Cross Switch can now offer Absa Pay, improving security for online customers during checkout.

Absa intensifies cloud push amid scarce IT skills

The move is aimed at improving resilience, regulatory compliance and flexibility across the bank’s African operations.

‘World-first’ multi-currency token launches as war rattles currencies

IS21 launches as a multi-currency digital token tied to the rand, dollar and euro, amid Middle East war volatility rattling currencies.

MTN flags rise of online gambling

Online gambling gains traction across MTN’s markets, amid the growth of digital betting platforms and a shift in consumer spending patterns.

Absa ramps up IT spend to R16.7bn

The increase reflects investment in new digital infrastructure capabilities, cyber security, data and cloud, says the bank.

NTT Data, Absa extend partnership to bolster financial services

NTT Data renews its five-year SAP deal with Absa to modernise financial systems.

Banks, operators to drive Africa’s stablecoin tipping point

The adoption of stablecoin services by banks and mobile operators could accelerate the usage of the emerging crypto across the continent.

SA banks shift from caution to participation in crypto market

The move follows a series of policy developments, including the classification of crypto assets as financial products and the rollout of the licensing regime.

AI reshapes South African banks’ investment priorities

FNB, Absa, Standard Bank, Nedbank and Capitec go beyond pilot projects and isolated AI experiments to large-scale deployment across core operations.

Local online spending surges on Black Friday

Black Friday retail sales in South Africa for 2025 saw a significant rise, with online spending surpassing 2024 and reflecting a larger average basket size.

SARB takes 50% PayInc stake to drive digital payments

The central bank completes the acquisition of a 50% stake in PayInc, formerly known as BankservAfrica.

AI boom sees growing demand for Africa’s data science talent

Zindi, an online network of professional data science talent, has registered 92 000 practitioners, as the demand for artificial intelligence skills in Africa skyrockets.