{"id":844915,"date":"2025-11-28T09:41:41","date_gmt":"2025-11-28T07:41:41","guid":{"rendered":"https:\/\/businesstech.co.za\/news\/?p=844915"},"modified":"2025-11-28T09:41:47","modified_gmt":"2025-11-28T07:41:47","slug":"standard-bank-and-nedbank-fraud-warning","status":"publish","type":"post","link":"https:\/\/businesstech.co.za\/news\/banking\/844915\/standard-bank-and-nedbank-fraud-warning\/","title":{"rendered":"Standard Bank and Nedbank fraud warning"},"content":{"rendered":"\n<p>Standard Bank and Nedbank have both warned South Africans to stay alert this Black Friday amid the rise in scams.&nbsp;<\/p>\n\n\n\n<p>Black Friday, which falls today, 28 November 2025, is arguably the most significant retail day of the year.&nbsp;<\/p>\n\n\n\n<p>With many South Africans continuing to face cost pressures, Black Friday offers many cheaper prices for essentials and luxuries that they would not normally splurge on.&nbsp;<\/p>\n\n\n\n<p>The day also offers low prices for those who prefer to complete their Christmas shopping early.&nbsp;<\/p>\n\n\n\n<p>However, Dr Belinda Rathogwa, Head of Digital &amp; eCommerce at Standard Bank, warned that Black Friday is a busy time and scams rise during this period.&nbsp;<\/p>\n\n\n\n<p>Rathogwa shared the following tips for South Africans to avoid scams this festive season:&nbsp;<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Keep your PIN and passwords private<\/li>\n\n\n\n<li>Shop on trusted sites<\/li>\n\n\n\n<li>Avoid public Wi-Fi when paying<\/li>\n\n\n\n<li>Look out for fake links and fake websites<\/li>\n\n\n\n<li>Use your virtual card to pay online<\/li>\n\n\n\n<li>Don&#8217;t approve payments that you did not initiate\u00a0<\/li>\n<\/ul>\n\n\n\n<p>Standard Bank is not the only \u2018Big Four\u2019 bank to highlight the potential risks facing consumers in the nation, with Nedbank also highlighting the dangers.&nbsp;<\/p>\n\n\n\n<p>Nedbank also highlighted the following ways that its clients can protect themselves against scammers.&nbsp;<\/p>\n\n\n\n<ol class=\"wp-block-list\">\n<li>Never share your banking login or card details over the phone or via links in emails or messages.<\/li>\n\n\n\n<li>Read banking notifications carefully and report suspicious activity.<\/li>\n\n\n\n<li>Use virtual cards for 1-time payments and cancel them after use.<\/li>\n\n\n\n<li>Report lost\/stolen devices or fraudulent<\/li>\n\n\n\n<li>Research unfamiliar retailers and read reviews before making a purchase.<\/li>\n\n\n\n<li>Be cautious of &#8216;too good to be true&#8217; deals &#8211; verify them through official channels.<\/li>\n<\/ol>\n\n\n\n<h2 class=\"wp-block-heading\">Set for a strong Black Friday\u00a0<\/h2>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-large\"><a  data-lightbox=\"post-image\" href=\"https:\/\/businesstech.co.za\/news\/wp-content\/uploads\/2025\/09\/Discovery-Orange-Header-1200x675-1.png\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"576\" src=\"https:\/\/businesstech.co.za\/news\/wp-content\/uploads\/2025\/09\/Discovery-Orange-Header-1200x675-1-1024x576.png\" alt=\"\" class=\"wp-image-838295\" srcset=\"https:\/\/businesstech.co.za\/news\/wp-content\/uploads\/2025\/09\/Discovery-Orange-Header-1200x675-1-1024x576.png 1024w, https:\/\/businesstech.co.za\/news\/wp-content\/uploads\/2025\/09\/Discovery-Orange-Header-1200x675-1-300x169.png 300w, https:\/\/businesstech.co.za\/news\/wp-content\/uploads\/2025\/09\/Discovery-Orange-Header-1200x675-1-768x432.png 768w, https:\/\/businesstech.co.za\/news\/wp-content\/uploads\/2025\/09\/Discovery-Orange-Header-1200x675-1.png 1200w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><\/a><\/figure><\/div>\n\n\n<p>Discovery Bank client spending behaviour for November 2025, month-to-date, compared to the same period in 2023 and 2024, with the belief that the trend will continue in the future.&nbsp;<\/p>\n\n\n\n<p>Transaction volumes are already ahead of both 2023 and 2024, with the average number of transactions per client for the month-to-date in November 2025 being 5% higher than in 2024 and 13% higher than in 2023.&nbsp;<\/p>\n\n\n\n<p>The average spend per client for November 2025, month-to-date, is 3% higher than in 2024.<\/p>\n\n\n\n<p>Long-standing in-store merchants remain stable in our rankings year after year, with no significant changes in the top positions based on transaction volumes.&nbsp;<\/p>\n\n\n\n<p>Online, the leading merchants are broadly the same names, but there are early signs of reshuffling in the rankings \u2013 particularly increased use of international platforms.&nbsp;<\/p>\n\n\n\n<p>This points to a more globalised online shopping basket, even as everyday in-store spending habits remain anchored to familiar local brands.<\/p>\n\n\n\n<p>Discovery Bank is also tracking real-time spending, which has already shown strong Black Friday activity.&nbsp;<\/p>\n\n\n\n<p>By 5:00 am, Discovery had said that its clients had already spent on average R872 on Black Friday deals.&nbsp;<\/p>\n\n\n\n<p>Those in Joburg were spending the most, sitting at R965 compared to Cape Town\u2019s R906 and Durban\u2019s R880.&nbsp;<\/p>\n\n\n\n<p>One Discovery Bank client spent just under R100,000 in a single transaction in the early hours of this morning.<\/p>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-large is-resized\"><a  data-lightbox=\"post-image\" href=\"https:\/\/businesstech.co.za\/news\/wp-content\/uploads\/2025\/11\/image-67.png\"><img loading=\"lazy\" decoding=\"async\" width=\"771\" height=\"1024\" src=\"https:\/\/businesstech.co.za\/news\/wp-content\/uploads\/2025\/11\/image-67-771x1024.png\" alt=\"\" class=\"wp-image-844917\" style=\"width:716px;height:auto\" srcset=\"https:\/\/businesstech.co.za\/news\/wp-content\/uploads\/2025\/11\/image-67-771x1024.png 771w, https:\/\/businesstech.co.za\/news\/wp-content\/uploads\/2025\/11\/image-67-226x300.png 226w, https:\/\/businesstech.co.za\/news\/wp-content\/uploads\/2025\/11\/image-67-768x1020.png 768w, https:\/\/businesstech.co.za\/news\/wp-content\/uploads\/2025\/11\/image-67-1157x1536.png 1157w, https:\/\/businesstech.co.za\/news\/wp-content\/uploads\/2025\/11\/image-67.png 1542w\" sizes=\"auto, (max-width: 771px) 100vw, 771px\" \/><\/a><\/figure><\/div>\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n","protected":false},"excerpt":{"rendered":"<p>Black Friday is here, but South Africa&#8217;s biggest banks have asked consumers to act with caution. <\/p>\n","protected":false},"author":95,"featured_media":825214,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[961],"tags":[1799,499],"class_list":["post-844915","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-banking","tag-nedbank","tag-standard-bank"],"_links":{"self":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/844915","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/users\/95"}],"replies":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/comments?post=844915"}],"version-history":[{"count":2,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/844915\/revisions"}],"predecessor-version":[{"id":844922,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/844915\/revisions\/844922"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media\/825214"}],"wp:attachment":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media?parent=844915"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/categories?post=844915"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/tags?post=844915"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}