Sign up<\/a> <\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"South Africans are moving away from traditional banking halls and physical cards to banking on smart devices and cellphones.\u00a0<\/p>\n
Standard Bank clients spent R9.3-billion using digital wallets in the past year. It sounds incredible, until you compare it with FNB clients, who spent R31-billion using their smart devices in the six months between July and December 2023.<\/p>\n
FULL STORY + 4 CHARTS<\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[709,5,1387],"tags":[931,941,932,1013,1014,1012,1010,1009,942,1011,183,40,935],"newsletter-post":[],"site":[],"class_list":["post-88694","post","type-post","status-publish","format-standard","hentry","category-business","category-economy","category-the-outlier","tag-atms","tag-banking","tag-capitec","tag-digital-banking","tag-digital-transactions","tag-e-wallets","tag-financial-services","tag-fintech","tag-fnb","tag-mobile-banking","tag-money","tag-south-africa","tag-standard-bank"],"acf":{"big_number":"","big_number_caption":"","big_number_link":"","big_number_background":"","big_number_text_colour":"#000000","big_number_icon":false,"big_number_wide":"yes","featured_chart":{"ID":88671,"id":88671,"title":"Standard-Bank-ApplePay-New","filename":"Standard-Bank-ApplePay-New.png","filesize":32472,"url":"https:\/\/outliereditor.co.za\/wp-content\/uploads\/2024\/07\/Standard-Bank-ApplePay-New.png","link":"https:\/\/outliereditor.co.za\/index.php\/2024\/07\/30\/how-south-africans-are-changing-their-banking-habits\/standard-bank-applepay-new\/","alt":"","author":"7","description":"","caption":"Standard Bank customers spent R9.3-billion using digital wallets in the current financial year to pay for goods and services, according to data from the bank.\nDigital wallets allow people to transact without a physical bank card, using their smartphones, tablets and watches.\nStandard Bank customers increased their spending on digital devices by R3.4-billion to R9.3-billion in a year, up 57.6% from 2023.\nApple Pay was the most popular digital wallet for Standard Bank customers in 2024, accounting for 86% of transactions. Far behind were Samsung Pay (8%), Standard Bank Mobile (3%) and Google Pay (2%). Garmin Pay, Fitbit Pay and Masterpass made up the remaining 1%.\nBanks are making it easier for customers to use digital wallets, especially as several banks have begun to close ATMs. In FNB\u2019s financial year ending June 2023, FNB customers spent R37.5-billion using digital wallets \u2013 six times the value Standard Bank\u2019s customers spent last year. ","name":"standard-bank-applepay-new","status":"inherit","uploaded_to":88694,"date":"2024-07-29 11:48:16","modified":"2024-08-01 05:21:31","menu_order":0,"mime_type":"image\/png","type":"image","subtype":"png","icon":"https:\/\/outliereditor.co.za\/wp-includes\/images\/media\/default.png","width":1080,"height":1080,"sizes":{"thumbnail":"https:\/\/outliereditor.co.za\/wp-content\/uploads\/2024\/07\/Standard-Bank-ApplePay-New-150x150.png","thumbnail-width":150,"thumbnail-height":150,"medium":"https:\/\/outliereditor.co.za\/wp-content\/uploads\/2024\/07\/Standard-Bank-ApplePay-New-300x300.png","medium-width":300,"medium-height":300,"medium_large":"https:\/\/outliereditor.co.za\/wp-content\/uploads\/2024\/07\/Standard-Bank-ApplePay-New-768x768.png","medium_large-width":768,"medium_large-height":768,"large":"https:\/\/outliereditor.co.za\/wp-content\/uploads\/2024\/07\/Standard-Bank-ApplePay-New-1024x1024.png","large-width":1024,"large-height":1024,"1536x1536":"https:\/\/outliereditor.co.za\/wp-content\/uploads\/2024\/07\/Standard-Bank-ApplePay-New.png","1536x1536-width":1080,"1536x1536-height":1080,"2048x2048":"https:\/\/outliereditor.co.za\/wp-content\/uploads\/2024\/07\/Standard-Bank-ApplePay-New.png","2048x2048-width":1080,"2048x2048-height":1080}},"flourish_chart_id":"","flourish_sub_title":"","flourish_chart_width":"medium","is_newsletter_post":"No","post_style":"ch","show_on_front":"Yes","link_through":"Yes","chart_url":"","background_colour":"#0089AA","text_colour":"#FFFFFF"},"_links":{"self":[{"href":"https:\/\/outliereditor.co.za\/index.php\/wp-json\/wp\/v2\/posts\/88694","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/outliereditor.co.za\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/outliereditor.co.za\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/outliereditor.co.za\/index.php\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/outliereditor.co.za\/index.php\/wp-json\/wp\/v2\/comments?post=88694"}],"version-history":[{"count":12,"href":"https:\/\/outliereditor.co.za\/index.php\/wp-json\/wp\/v2\/posts\/88694\/revisions"}],"predecessor-version":[{"id":88711,"href":"https:\/\/outliereditor.co.za\/index.php\/wp-json\/wp\/v2\/posts\/88694\/revisions\/88711"}],"wp:attachment":[{"href":"https:\/\/outliereditor.co.za\/index.php\/wp-json\/wp\/v2\/media?parent=88694"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/outliereditor.co.za\/index.php\/wp-json\/wp\/v2\/categories?post=88694"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/outliereditor.co.za\/index.php\/wp-json\/wp\/v2\/tags?post=88694"},{"taxonomy":"newsletter-post","embeddable":true,"href":"https:\/\/outliereditor.co.za\/index.php\/wp-json\/wp\/v2\/newsletter-post?post=88694"},{"taxonomy":"site","embeddable":true,"href":"https:\/\/outliereditor.co.za\/index.php\/wp-json\/wp\/v2\/site?post=88694"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
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