The bank is looking at ways of securing deposits and selling loans to consumers
In the hunt for new revenue streams in the crowded SA banking market, Nedbank is testing an app that seeks to grab a slice of the growing mobile payment markets.
Nedbank, alongside rivals FirstRand, Absa, Standard Bank and Capitec, is trying to defend market share from newcomer app-only competitors such as Adrian Gore’s Discovery Bank and the Patrice Motsepe-backed TymeBank, which have set out pricing and margin strategies to lure cash-strapped consumers to their platforms.
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