AppDate: Whistleblowing with confidence

Standard Bank My360

Standard Bank has launched an end-to-end short-term insurance chatbot in South Africa. The chatbot engages with customers and performs fulfilment on digital channels. Also announced is the company’s My360 app which provides a consolidated view of an individual’s financial life, across 20 000 global financial institutions, from just one touch point. The app goes one step further by allowing customers to track and access asset, liability and risk cover regardless of institution, geography or the insurer where the accounts reside.

Platform: Android and iOS

Expect to pay: A free download

Stockists: Download the app here.

Samsung Pay on Galaxy A70 and A9

Samsung has announced that it has extended its mobile Pay service to the Galaxy A70 and A9. Samsung Pay is continuing its rise in popularity locally and there are good reasons for it, as this secure and simple digital wallet turns a Samsung Pay supported devices into a bank and loyalty card. The success is being sustained through partnerships with major banking institutions, including Absa, Standard Bank, FNB, RMB and Investec.

Platform: Android

Expect to pay: A free download

Stockists: Download Samsung Pay here.

WorldRemit – money transfer for business

Digital money transfer company WorldRemit has launched WorldRemit for Business, a service that enables small and medium-sized enterprise owners to pay their employees and contractors in 140 countries worldwide, including fast-growing markets such as Ghana, Kenya, and South Africa. The platform will first be available to UK-registered businesses. 

WorldRemit’s low fees and exchange rates are shown upfront and customers can send money  via the company’s website and app. By extending its money transfer service to SMEs, WorldRemit will save businesses time and money when they make international payments.

Each year, the UK imports $5.6-billion in goods and services from South Africa, where SMEs are estimated to make up 90% of formal businesses and provide 60% of employment. WorldRemit for Business will make it easier for local enterprises to receive payment by UK-based partners by offering via bank account and cash pick-up. While some banks can take up to one week to process payments, WorldRemit transfers to South Africa are processed within 24 hours or less.

Customers sending funds abroad can easily track their transfers in real-time on the WorldRemit app and opt-in to receive daily exchange notifications to send money abroad at the optimal time. 

Platform: Most devices with an up-to-date Internet browser

Expect to pay: Free to use

Stockists: Visit the WorldRemit website here for registration instructions.

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