Absa reshapes payments with virtual cards
Wednesday, November 12, 2025 | 270 Views |
New ideas: Mmoloki Modise demonstrating how the virtual card works at the recent launch of the Multi-Currency Prepaid Virtual Card
The cards are being hailed as the next step in fintech innovation and ease of access for banking customers.
Speaking at the launch on Tuesday, Godiraone Maokenyane, the bank’s Head of Strategy and Business Transformation explained the technology.
The P300 million internal roads tender is a case study. A bidder’s complaint revealed alleged irregularities. A tribunal ordered a re-evaluation.The council and the initial winner appealed to the High Court. Now, the Ministry of Local Government and Traditional Affairs, frustrated by the delay, writes to the council suggesting the tender be cancelled, and an alternative procurement model be explored, while the matter is still before the courts....