Banking in South Africa

Stanbic Bank

Standard Bank Group operates as Stanbic Bank in some countries in Africa. Standard Bank Group has a history of over 155 years in Africa. We do not engage on this page. Please follow "Standard Bank for general news about our operations globally and for career opportunities. Or find our country specific profiles, for example,"Stanbic IBTC" or "Standard Bak South Africa". We currently operate in 20 countries on the African continent as well as in other selected emerging markets. You will also find Standard Bank Group in 12 countries outside of Africa. Our strategy is to build the leading African financial services organisation using all our competitive advantages to the full. At Standard Bank Group we focus on connecting other selected emerging markets to Africa and to each other, applying our sector expertise, particularly in natural resources, globally. Our key differentiator is people who are passionate about our strategy, wherever in the world they are based. We organise ourselves as three business units but present ourselves as one. Our three main pillars of business are Personal & Business Banking, Corporate & Investment Banking, and Wealth Creation.

10001+ staff

Bidvest Bank Limited

Bidvest Bank is a fully fledged niche bank, and a market leader in foreign exchange services for individuals, businesses and corporations. Our clients trust us as experts in money management and banking services, which include deposit and banking accounts, investment options, global business payments, foreign exchange, and Fleet and Asset Finance™. Bidvest Bank is a subsidiary of The Bidvest Group Limited, meaning that our clients have the backing of an international trading and services JSE-listed company that operates on five continents. With 150 years of experience in foreign exchange in southern Africa, we are one of the leading travel foreign exchange providers in South Africa. With more than 90 Bidvest Bank branches countrywide, we’re able to offer our clients specialised banking services for both local and international transactions.

1001 to 5000 staff

African Bank

As we embark on this daring journey, our purpose blazes brighter than ever, enriching lives through innovative financial solutions. When you grow, we grow! Join the bank that backs you.#AudacityToBelieve African Bank is an authorised financial services provider and a registered credit provider (NCRP7638).

1001 to 5000 staff

Lula

Lula is an innovative, and human-focused FinTech company on a mission to help small businesses make cash flow. We want to make it fast, simple, Lula for people to run their business through a digital business bank account. We’re making business banking fast, easy & human.

51 to 200 staff

Atm Solutions

As a global payments company, we have the technology, expertise and infrastructure to manage ATM networks and provide transaction processing solutions that deliver results. For us, every single transaction counts. Our purpose-driven goal is to expand cash accessibility by connecting more people to their money and more businesses to their customers. Backed by almost 25 years of experience in payment solutions, we own and operate large ATM estates in multiple countries and provide state-of-the-art transaction processing, terminal management and value added services across ATM networks, merchant acquirers and card issuers. Our proven low-cost infrastructure, scalable processing capacity, leading edge technology and industry partnerships make us a reliable and trusted partner. To find out more about our company, products or services go to or e-mail info@atmsolutions.co.za.

201 to 500 staff

Finbond Mutual Bank

Our Vision is to be the leading Mutual and Savings bank in South Africa, improving the quality of life of our clients through their participation in saving together, growing together and ownership of their own community bank. To that end, our Mission is to consistently satisfy the needs of our target market by offering innovative superior, inclusive investment, savings and credit solutions and better service that add value to our clients’ lives by empowering them and contributing towards their financial growth, independence and freedom. As such, we see our Purpose as existing to improve and transform the lives and livelihoods of our clients by availing them modern inclusive banking products and services that benefit and empower them.

1001 to 5000 staff

Ithala Development Finance Corporation

Vision, Mission & Values Vision To create a more prosperous and inclusive society where the previously disadvantaged have an opportunity to a better life Mission To reduce poverty through implementing infrastructure programmes, providing access to financial services, building the economy of KwaZulu-Natal with a focus on rural and township areas Values •Respect; •Service •Future Focussed •Integrity •Passion Objectives In terms of Section 3 of the KwaZulu-Natal Ithala Development Finance Corporation Act, No. 2 of Ithala's objectives provide for the organisation: •To mobilise financial resources and to provide financial and supportive services to the people of KwaZulu-Natal; •To plan, execute, finance and monitor the implementation of development projects and programmes in the Province; •To promote, assist and encourage the development of the Province's human resources and its social, economic, financial and physical infrastructure; •To promote, encourage and facilitate private sector investment in the Province and the participation of private sector and community organisations in development projects and programmes, and in contributing to economic growth and development; and •To act as the Government's agent for performing any development-related tasks and responsibilities that the Government considers may be more efficiently or effectively performed by a corporate entity.

501 to 1000 staff

Postbank Soc Ltd

Postbank is a bank by South Africans for South Africans and like all the other renowned commercial banks in the South African market, Postbank is all about serving the South African citizens and creating lasting value. The Bank’s core function is to provide cost-effective financial services to South Africans. It views itself as a banking and financial services provider that is orientated on the needs of the South African people and protecting their funds. MANDATE Postbank’s mandate of financial inclusion entails provision of the following services to all South African citizens: • Grow savings • Improve welfare • Create a safe transacting environment; and • Improve financial literacy WHY BANK WITH US? Postbank exists primarily to offer simple, affordable and convenient banking solutions for our communities. Our focus is on ensuring low cost, simple, accessible and affordable banking solutions to the underserved and under banked communities and to be the preferred banking partner to government for government-to-citizen services through: • Promoting and sustaining the entry level banker in South Africa. • Providing unrivalled personal service to each and every customer. • “Paying it forward” by giving back to the communities we serve through corporate social initiatives.

201 to 500 staff

South African Reserve Bank

The South African Reserve Bank (the SARB) is the central bank of the Republic of South Africa. It regards its primary goal in the South African economic system as "the achievement and maintenance of price stability". The South African Reserve Bank maintains that South Africa has a growing economy based on the principles of a market system, private and social initiative, effective competition and social fairness. It recognises, in the performance of its duties, the need to pursue balanced economic development and growth.

1001 to 5000 staff

Finteq

Finteq is a leading software development company that specialises in developing payment solutions used in the financial services sector in developed and developing markets. Finteq has grown steadily from a small startup in 2005 into a company of over 55 employees, developing solutions for more than 35 customers in 13 countries. Finteq enables financial institutions to address the challenge of interoperability between proprietary and legacy systems as well as payments management and processing incorporating tracking and auditing functionality. The company specialises in advanced workflow solutions for payments origination, national payment systems, payment hubs and cheque truncation systems for participant banks, banking utilities and clearing houses. It is a Microsoft Gold ISV and adheres to ISO Standards, making its offering robust and interoperable.

51 to 200 staff

Fnb South Africa

While ‘help’ constitutes a core brand value within FNB, we also practice an overall ethos underpinned by the concept of ‘better business; better world’. We believe that by tapping into the innovative culture within FNB, we can provide people with the help they need to change their lives, communities and transform their businesses. Not just for their own benefit, but for the benefit of others. We know that South Africans want to help each other, and that positive and lasting change is possible. As individuals we have a generosity of spirit. We have what it takes to tap into this spirit, so that together we can keep changing this great country into the great nation we all know it can be. First National bank is a division of FirstRand Bank Limited.#LoveFNB

10001+ staff

Spot Money

Spot is your free account for everyday needs allowing customers to save, spend and maximise their money. We exist to make daily life easier and more rewarding. Spot Money combines payments, transactional banking, rewards, alternative credit and a shopping marketplace, in one easy-to-use app. 100% Mobile with ZERO account fees. No-monthly-fee transactional account. Tap to pay with your Spot card. Scan any QR to pay. Get loans and insurance offers in our open banking marketplace. Send cash to friends on Spot, it's fast and free. Earn Airtime & Data rewards when you shop at any of our partner stores.

11 to 50 staff

African Bank

With African Bank, you can Bank, Borrow, Save, Invest and Insure. We understand the importance of financial freedom. We are committed to helping you kick-start positive change in your life by bringing you a range of financial products that offer assistance, security, and comfort. We commit to making a difference to you and aim to provide value, more than our customers expect of us. We promise to live our purpose, ‘humanity through banking’ in all that we do. Take charge of your life and your future right here, with us. Our core values of transparency, creativity, collaboration, empathy and sustainability guide our 3 500 African Bankers across 389 branches and four Contact Centres in their daily efforts to make it easier and more rewarding for consumers to manage their financial journey. African Bank is dedicated to creating relevant products that help to uplift South Africans, including loans, investment and insurance products.

1001 to 5000 staff

Al Baraka Bank South Africa

Al Baraka Bank, registered in South Africa since 1989, pioneered Islamic banking in this country in response to an identified need for a system of banking which adhered to Islamic economic principles. The bank, with its Head Office in Durban and a strategically located national branch network, is South Africa’s only fully-fledged Islamic bank and is a subsidiary of the international Al Baraka Banking Group B.S.C, which has established one of the largest international Islamic banking groups in the world. The Group’s banking units include: Banque AI Baraka D’Algerie, Algeria; Al Baraka Islamic Bank, Bahrain; Egyptian Saudi Finance Bank, Egypt; Jordan Islamic Bank, Jordan; AI Baraka Bank Lebanon, Lebanon; AI Baraka Islamic Bank Pakistan, Pakistan; Al Baraka Bank South Africa, South Africa; Al Baraka Bank Sudan, Sudan; Al Baraka Bank Tunisia, Tunisia; Al Baraka Turk Participation Bank, Turkey; Al Baraka Bank Syria (under formation), Syria; as well as having Al Baraka Banking Group representative offices in Indonesia and Libya. The South African subsidiary’s Al Baraka Banking Group linkage provides it with the springboard for significant growth potential and assists in the positioning of Al Baraka Bank at the leading edge of Islamic banking in this country. Al Baraka Bank operates in an important and rapidly growing niche market.

201 to 500 staff

Capitec

Imagine simple, affordable banking solutions that work for you – just like it does for over 25 million South Africans. They’re banking smart, paying less and getting more value every day with us. As the country’s leading digital bank, we’re proud to have been voted the Coolest Bank by the youth in the 2024 Sunday Times GenNext Awards. With 880 branches and a team of over 16,900, we’re here to grow with you.

10001+ staff

Cashaccsys

CashAccSys is a world-leading manufacturer of bank note/coin deposit, dispensing and recycling systems. We specialise in seamless electronic cash-management solutions to simplify and enhance our client’ cash management processes. A South African-born company whose founder has over 20 years experience in the cash-management and payments industry, CashAccSys has experienced global success in countries such as Turkey, the Netherlands, Spain, Zimbabwe, The UAE, Qatar, Kuwait, Oman, Saudi Arabia, Iran, Mexico and will soon be launching a company in the USA. Our innovative approach to cash-management covers all aspects including products that count, validate, deposit, dispense and recycle your cash – offering you a 360-degree overview of your cash-management, coupled with a sense of security and time saving opportunities.

11 to 50 staff

Medaco Revenue Solutions Pty Ltd

Medaco Revenue Solutions provides outsourced debt collection, revenue management and traffic enforcement services. With its head offices in Johannesburg Industria, Medaco Revenue Solutions management team has over 25 years combined experience in the credit management, debt collection and legal industries. Medaco Revenue Solutions is a fully licensed debt collector regulated by the Council of Debt Collectors, a member of Association of Debt Recovery Agents (ADRA), goverened by the Magistrate’s Courts Act 32 of 1944 and the National Credit Act. With a commitment to professionalism and a results-driven philosophy, our large portfolio of repeat clients, who turn to Medaco Revenue Solutions for all of their debt collection and traffic enforcement needs, is a testament to our track record in the industry. Our Clients range from SME’s, to larger corporate clients, municipalities and JSE listed companies. Medaco Revenue Solutions is perfectly equipped to manage your primary, secondary and tertiary debt collection requirements. Our experienced in-house legal team allows us to act quickly and efficiently to deliver timely debt recovery solutions that ultimately have a positive impact on your cash flow.

51 to 200 staff

Pasa - Payments Association Of South Africa

PASA is the payment system management body recognised by the South African Reserve Bank (SARB), in terms of the National Payment System Act of 1998, to organise, manage and regulate the participation of its members in the payment system.

11 to 50 staff

Sabric

SABRIC is a member based organisation mandated to, inter alia, create, maintain, and support viable and sustainable banking and financial crime combating capabilities; contribute to skills development within its members, partners and stakeholders; and contribute to the general safety, security and cyber resilience within the banking environment and for the benefit of the greater public at large and; process crime risk information on behalf of and for the benefit of its members and collaborative partners, to deliver on its mandate, achieve mutual strategic objectives and to contribute to national crime combating priorities.

51 to 200 staff

The Banking Association South Africa

The Banking Association South Africa is an industry body representing registered banks in South Africa.

501 to 1000 staff

Ubank Pty Ltd

11 to 50 staff

Access Bank South Africa

At Access Bank South Africa, we are driven by a singular purpose: to make a positive and lasting impact across Africa and beyond. As part of one of Africa’s largest and fastest-growing financial institutions, we serve over 63 million customers across 24 markets, including 14 in Africa. Our journey began with a bold vision — to transform the financial services sector and create a globally connected ecosystem inspired by Africa. With a strong commitment to excellence, innovation, and sustainable business practices, we offer a wide range of banking solutions, from retail to corporate banking, through highly trained and empowered teams. Our mission is not just to provide exceptional service but to build long-term relationships that create superior value for our customers, employees, and stakeholders. As we continue to expand our footprint across Sub-Saharan Africa and beyond, we remain deeply committed to empowering our people and uplifting communities. We are a bank that values authentic connection, a philosophy that makes us more than just a financial institution. We’re approachable, customer-centric, and passionate about delivering innovative solutions that unlock the full potential of our clients. Our goal is to be the world’s most respected African bank, shaping the future of banking with cutting-edge digital solutions, a focus on SMEs, and a continued investment in Africa's growth.

201 to 500 staff

First Rand Bank

FirstRand is an integrated financial services group structured with critical mass to take advantage of the blurring of boundaries in the financial services industry and the convergence of products and services. The group provides a comprehensive range of products and services to the South African market and niche products in certain international markets.

5001 to 10000 staff

Russellstone Treasury

RussellStone Treasury obtains the skills and products to manage your FX risk and eradicate FX losses while you focus on growing your business without the burden of having to keep an eye on the markets.

11 to 50 staff