Tag: ATM

FNB suffers major outage on Freedom Day

Source: MyBroadband

First National Bank (FNB) suffered an outage on Wednesday, with customers complaining that they could not pay with their cards or withdraw money from ATMs.

Others reported online banking issues and problems with the FNB app.

Posts have flooded in from across the country on social media, and some customers have also been unable to send airtime or access e-wallet services.

“Why is the card machines saying bank offline?? I can’t pay for petrol,” one user wrote on Facebook.

“Is it just me or your FNB cellphone app is acting wild today???” another said on Twitter.

Downdetector shows a spike in outages that started just before 09:00 on Wednesday, 27 April 2022.

It appears that business customers are also experiencing issues with FNB’s services.

“Morning broer why is FNB down are you guys on holiday as well, got issues with my business account that needs urgent intervention,” another Twitter post reads.

Some are having problems with their point of sale (POS) devices.

“Can someone contact me please my POS devices are not working,” a Facebook user said.

A MyBroadband staff member confirmed that there were issues with FNB’s mobile app. Below is the error message they were presented when trying to log in.

As of 12:30, FNB has confirmed that all of its services are now fully operational and apologised for the outage.

“FNB apologises to customers for the connectivity issues that occurred earlier this morning. We can confirm that all our services are now fully operational,” it told MyBroadband.

“We thank our valuable customers for their patience and ongoing support.”

 

SA is most crypto-friendly country in Africa

By David Kariuki for Cryptomorrow 

French banking group BNB Paribas and IT company Capgemini has released a report stating that South Africa is Africa’s most crypto-friendly country having allowed cryptocurrency payments, trades and investments to flourish almost without restrictions.

The country is also leading in Africa with regard to crypto regulation, adoption and development, which is not a surprise because the country leads in many areas and is Africa’s most sophisticated economy. For instance, it hosts a number of bitcoin ATMs and digital currency exchanges – including Luno. Luno has more than two million customers around the world and allows people to buy crypto using Rand fiat.

In South Africa, the scenario is developing favorably for cryptocurrency industry because of the open-mindedness of the South African Reserve Bank (SARB). The bank does not recognise crypto as legal tender but also has not banned or prevented trades related to cryptocurrrencies. The bank announced in April that it would create guidelines for cryptocurrency markets in the country. It has also tested an inter-bank settlement system called Project Kohka, which hopes to use the Ethereum blockchain in order to speed up payments.

A Bitcoin ATM in Nelson Mandela Square, Sandton. Credit: LinkedIn

Also, in South Africa, a number of companies including banks are starting to set up operations relating to cryptocurrencies. Baclays Bank has also said that it will host a number of events to help audience understand benefits and risks of cryptocurrencies.

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