Banking apps become fraudsters’ favourite weapon as South Africans lose R1.7bn

Banking apps become fraudsters’ favourite weapon as South Africans lose R1.7bn

Banking apps were linked to about 89% of reported digital banking crime cases in South Africa in 2025, accounting for 70.5% of reported client losses, according to SABRIC. The organisation said many scams began with impersonation and social engineering rather than hacked bank systems