As smartphone technology continues to expand and improve daily, more people now have access to a wide array of applications.
More people are also using banking applications instead of the traditional route of visiting a bank branch to transfer funds or make payments to creditors. Banking apps offer a number of benefits, such as time-saving.
What should banking apps offer?
Good banking apps must be efficient, effective and they should have a clean design with a simple interface.
In South Africa, First National Bank (FNB) was the first bank to launch a mobile banking app in 2011. The bank’s app now has a base of over 1.5 million active devices and has gained a reputation as the best platform for day-to-day banking.
Banking apps offered in South Africa:
There has been a big improvement in the look and feel of the Absa banking app. In addition to this, there is an option to use your fingerprint to log on to the app if you have a newer model of the iPhone. A further benefit offered by the Absa app is that the updated app does not use up any of your data. On the negative side, there is no option for buying prepaid electricity through the app.
Since inception in 2001, Capitec has grown to become the most popular bank in South Africa. There have been more than a million installations of the Capitec App – which has also received high ratings. With a clean and simple interface, the Capitec App features a modest menu and has great functionality. A unique feature that makes the Capitec App one of the best banking apps is that it indicates in graphic form whether you’re a good or a bad credit risk. The app features impressive security and allows users to stop and dispute debit orders. On the downside, the app does not have a branch and ATM locator.
First National Bank (FNB)
With the first app launched in South Africa in 2011, FNB has quickly progressed to being the best digital bank in the country. Offering an array of services, the FNB app is one of the best banking apps that performs a multitude of tasks well and has a number of useful features.