Barclays’ South African subsidiary, ABSA, has
launched a “remote account opening application” for Android-based
Smartphone and tablet devices that claims to enable customers to
open a bank account in less than 10 minutes.
The on-device application scans a customer’s
ID book to identify and verify the customer’s details and relevant
information.
Go deeper with GlobalData
The remote account opening application will also show GPS
co-ordinates of where images were taken, which will allow the bank
to further compile customer and sales data, ABSA has announced.
“By pioneering these initiatives in the South
African banking industry to ensure convenience, accessibility,
safety and efficiencies for customers and consumers, ABSA has
positioned itself as a leader in banking and financial services,”
said Arrie Rautenbach, head of retail markets at ABSA.
ABSA, has also confirmed that its
“tap-and-go” cards – contactless cards – will be limited to
transactions of ZAR200 ($25.46) per day, a maximum of ZAR1,500 on
the card in a single transaction, and the total monthly transaction
limit is ZAR3,000.
ABSA has said that the tap-and-go card is
aimed at low value purchases in retail outlets and public transport
fares.
US Tariffs are shifting - will you react or anticipate?
Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.
By GlobalData
