Nedbank launches first solar branch

Nedbank has launched what it claims is South Africa’s first solar branch in Mncwasa, 60km from Mthatha in the Eastern Cape.

In what it said is a first-to- market in the financial sector, the Nedbank solar-powered branch is aimed at providing convenient banking solutions to a community without banking facilities through SolarTurtle, a mobile service provider owned by members of the Mncwasa community.

More than 69% of the Mncwasa community is economically inactive and depends on child support grants, with employment concentrated among teachers and small-scale entrepreneurs.

The solar branch will enable community members to access financial services such as cashless banking, and make use of digital-payment solutions through Masterpass – a digital-payment app from Nedbank.

The digital wallet enables faster and safer transactions as it saves client payment information in a secure digital storage facility so that they can make online purchases, the bank said.

The app can be downloaded from the Apple, Android, Blackberry and Windows app stores.



Read: Nedbank launches app to pay for school activities

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Nedbank launches first solar branch