South Africa’s Standard Bank is currently experiencing a major outage in its online and mobile banking channels. The…South Africa’s Standard Bank is currently experiencing a major outage in its online and mobile banking channels. The…

Standard Bank online and mobile banking platforms are down for South African users

South Africa’s Standard Bank is currently experiencing a major outage in its online and mobile banking channels. The disruption stems from an issue affecting Sage, the banks’ software provider. The glitch has reportedly resulted in delayed transactions and prevented new customers from opening bank accounts.

Sage disclosed this on its communication platforms, tagging the glitch as a ‘partial outage’.

“We have identified an issue in South Africa with the bank feeds we receive from Standard Bank. As a result, all customers using the Standard Bank will experience delays getting their transactions, and new customers would be unable to onboard Standard Bank,” it said. 

Sage

It also clarified that the outage is primarily affecting Standard Bank customers, noting that the service is performing as expected for all other customers using different banks.

“The issue with Standard Bank is only on our Yodlee connection. Our Standard Bank (Powered by Sage) connection is still working as expected and therefore those with eligible account types can utilise this connection,” it said at 11:35 am (Nigerian time).

Initially, customers were unable to sign into the bank’s mobile app. However, the app became accessible later on with limited functionality. In addition, the app displays a mismatch in account balance, transaction histories, airtime and top-ups. 

Trends on downdetector, a website that tracks real-time problem & outage monitoring, also revealed a spike in complaints for users. Checks show that users started complaining around 11:00 am (Nigerian Time).

Further breakdown of the life report revealed that Sage users indicated issues with the provider’s website and login, while those for the Bank reports disruption with the mobile banking app and online banking services.

Standard Bank - DowndetectorStatus on Downdetector

As of reporting time, the Sage status page has yet to confirm normalcy.

Also Read: South Africa’s StandardBank shuts down 1,942 ATMs as cash withdrawals decline.

Standard Bank’s effort towards digital banking

Known as South Africa’s largest Bank, Standard Bank has significant investments in digital platforms and innovations. Its parent company, Standard Bank Group, serves over 19 million clients across 20 African countries. 

In its digital reforms, the Bank reduced its ATM network in South Africa by 1,942 between 2020 and mid-2025, a significant decrease from 5,390 to 3,448. The reduction reflects the banks’ adaptation to the increasing shift toward mobile and digital transactions, as well as the corresponding decline in cash withdrawals.

Aside from Standard Bank, other South African banks such as Absa, Nedbank, and First National Bank have also reduced their branch and ATM networks.

Also, online banks such as TymeBank and Bank Zero have expanded without investing in physical infrastructure, signalling the evolution of South African financial service consumers.

Market Opportunity
Lorenzo Protocol Logo
Lorenzo Protocol Price(BANK)
$0.03596
$0.03596$0.03596
-3.56%
USD
Lorenzo Protocol (BANK) Live Price Chart
Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact service@support.mexc.com for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.

You May Also Like

Solana Treasury Stocks: Why Are These Companies Buying Up SOL?

Solana Treasury Stocks: Why Are These Companies Buying Up SOL?

The post Solana Treasury Stocks: Why Are These Companies Buying Up SOL? appeared on BitcoinEthereumNews.com. In 2020, everyone watched Strategy (called Microstrategy back then) scoop up Bitcoin and turn corporate crypto treasuries into a mainstream story. Now, a new wave is forming. And it’s centered on Solana. Dozens of companies are holding SOL as a bet on price. Except they’re not just holding. They’re building what’s being called Solana treasuries or Digital Asset Treasuries (DATs). These aren’t passive vaults. They’re active strategies that stake, earn yield, and tie into the fast-growing Solana ecosystem. Forward Industries, a Nasdaq-listed firm, recently bought more than 6.8 million SOL, making it the world’s largest Solana treasury company. Others like Helius Medical, Upexi, and DeFi Development are following a similar playbook, turning SOL into a centerpiece of their balance sheets. The trend is clear: Solana treasury stocks are emerging as a new class of crypto-exposed equities. And for investors, the question isn’t just who’s buying but why this strategy is spreading so fast. Key highlights: Solana treasuries (DATs) are corporate reserves of SOL designed to earn yield through staking and DeFi. Companies like Forward Industries, Helius Medical, Upexi, and DeFi Development Corp now hold millions of SOL. Public firms collectively own 17.1M SOL (≈$4B), which makes Solana one of the most adopted treasuries. Unlike Bitcoin treasuries, Solana holdings generate 6–8% annual rewards. It makes reserves into productive assets Solana treasury stocks are emerging as a new way for investors to gain indirect exposure to SOL. Risks remain: volatility, regulation, and concentrated holdings. But corporate adoption is growing fast. What is a Solana treasury (DAT)? A Solana treasury, sometimes called a Digital Asset Treasury (DAT), is when a company holds SOL as part of its balance sheet. But unlike Bitcoin treasuries, these usually aren’t just static reserves sitting in cold storage.  The key difference is productivity. SOL can be staked directly…
Share
BitcoinEthereumNews2025/09/21 06:09
Unstoppable: Why No Public Company Can Ever Catch MicroStrategy’s Massive Bitcoin Holdings

Unstoppable: Why No Public Company Can Ever Catch MicroStrategy’s Massive Bitcoin Holdings

BitcoinWorld Unstoppable: Why No Public Company Can Ever Catch MicroStrategy’s Massive Bitcoin Holdings Imagine trying to build a mountain of gold, only to discover
Share
bitcoinworld2025/12/17 14:30
Little Pepe soars from presale to market spotlight

Little Pepe soars from presale to market spotlight

The post Little Pepe soars from presale to market spotlight appeared on BitcoinEthereumNews.com. Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. Early investors often capture the biggest rewards in crypto, and Little Pepe, priced under $0.005, is emerging as a memecoin that could rival big players. Summary LILPEPE has sold over 15 billion tokens in its presale, raising $25.4 million. The project’s community has grown to more than 41,000 holders and 30,000 Telegram members. Analysts suggest the token could see gains of up to 55x in two years and 100x by 2030. Crypto enthusiasts are aware that early investors tend to benefit the most from the market. Ripple (XRP) and Solana (SOL) are popular tokens that have profited traders. Little Pepe (LILPEPE), valued at less than $0.005, might produce more profit. LILPEPE is swiftly gaining popularity despite its recent introduction. Little Pepe: The market-changing memecoin Little Pepe has surprised everyone with its quick surge in cryptocurrencies. LILPEPE is becoming a popular meme currency. Its presale price is below $0.003. Strong foundations, a distinct market presence, and a developing and enthusiastic community distinguish it from other meme tokens. Many meme currencies use hype to attract investors, but LILPEPE’s rarity, community support, and distinctive roadmap have effectively drawn them in. Currently in its 13th presale stage, more than 15 billion tokens have been sold, generating over $25.4 million and sparking considerable interest. As the token approaches official listing, enthusiasm is growing, and many people believe it could be one of the following major memecoin success stories. LILPEPE’s growing community drives growth The strong community surrounding LILPEPE is a primary reason for its success. LILPEPE has built a loyal following of over 41,000 holders and about 30,000 active members on Telegram. Its rise is being fueled by this. The support of its community…
Share
BitcoinEthereumNews2025/09/19 15:12