Nedbank app appears - only for Android

Nedbank has launched the Nedbank App Suite - but only to Android phone users.

The release follows the testing phase that started with Nedbank staff on 25 June and is the latest digital innovation to come from Nedbank. The Nedbank App Suite can be downloaded from The Google Play Store.

“The launch of the Nedbank App Suite is the latest in a list of digital innovations building on from Approve-it, the best online security currently available in South Africa,” says Mike Brown, Nedbank Chief Executive.

“We are excited by the launch and firmly believe that the we have built best in class security and architecture to create a ‘secure electronic highway’ that enables us to do more than anytime, anywhere mobile banking,” adds Brown.

The Nedbank App Suite includes a first to market online share trading offering, corporate batch authorisations, Business Banking password reset capability and other useful NedApps for mobile banking. Nedbank clients who have a primary account with Nedbank have the additional benefit of carrying out balance enquiries, payments and transfers. Similarly, clients who have stockbroking accounts with BoE Stockbrokers or Nedbank Online Share Trading will be able to view their portfolio and trade in local equities. All Nedbank App Suite users have access to branch locators, forex calculators, application lead forms and more.  

The initiative will not without its critics, however. Research from World Wide Worx shows that Android smartphones have less than 10% penetration of the South African smartphone market. BlackBerry and Nokia's Symbian operating system between them have 88% of the smartphone market.

Nedbank added in a statement: "Consumers using Android Tablets, iPhones or iPads, BlackBerry handsets and feature phones won’t have to wait long to experience the safety and convenience of the Nedbank App Suite with the complete roll-out anticipated to take place before the end of the year. Consumers using the Microsoft operating System will have access to the Nedbank App Suite in the first quarter of next year."

Said Brown, “The Nedbank App Suite is unique in that it will be available on smart phones as well as a wide range of feature phones. It is our intention to provide an easy to use app that is safe, convenient and available to as many South Africans as possible. The staggered rollout across handsets will ensure that we are able to provide clients with an exceptional digital experience across a wide range of operating systems.

“In addition to the launch of the Nedbank App Suite we have built an architecture that enables quick product development and release with a number of innovative products already in the pipeline.”

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