Nedbank is making digital banking easier, safer and more affordable for entry-level clients with new updates to its Nedbank Money App Lite cellphone app.
“With the Covid-19 pandemic restricting people’s movements, and many bank clients reluctant to go into branches for their safety, online and mobile banking channels have become more important than ever,” says Tawanda Chatikobo, Nedbank Head of Digital Channels.
“South Africa, however, has some of the lowest levels of comfort with technology and an enduring affinity for cash, which is not even restricted to income levels,” he says.
First launched in September 2019, the Nedbank Money App has been positively received by Android users. Now, this much lighter version of the award-winning Nedbank Money App offers all the same transactional features, but with none of the frills. This means a faster, simpler experience with the same level of security as the Nedbank Money App.
Consumer feedback and the strong market appetite since the launch have moved Nedbank to take the next step of adding more features to the Nedbank Money App Lite, including, biometric sign on fingerprint and face identification, card and PIN registration (without going into a branch and chat functionality to contact an agent directly from the app, with no need to dial a call centre.
“We are seeing more and more services and products being bought online, with financial services providers leading the way,” says Chatikobo.
The Nedbank Money App Lite is a progressive web app, which means it never has to be updated. It is also one of the very few apps that need the least amount of space on a smart phone, taking up less than five megabytes (5MB).