SA bank claims 1-million mobile phone banking users
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Absa, the country's largest retail bank, says it's one of the first banks in the world to notch up a million cellphone banking customers, prompting it to call "2009 the year for Cellphone Banking".
It was the first South African bank to introduce Cellphone Banking services in the year 2000. Absa says that over the last few years there has been a surge in uptake, with up to 5000 new clients registering for Cellphone Banking each day.
Absa says:
“From observing the registration and usage numbers, 2009 will be the year in which Cellphone Banking develops serious traction in the market such that ...