Nedbank has today introduced and launched its very own API Marketplace, a first-in-Africa platform aligned to open banking standards which creates opportunities to disrupt the traditional approach to banking and financial services through a new app dubbed Avo.
The Super App was created to bring customers and businesses together, accurately matching customer’s lifestyle needs to product and service offerings through powerful artificial intelligence, safe and secure payments, and bank-grade security.
The beta version of Avo has been delivering essential goods, providing home entertainment and connecting home service providers across provinces. To date, Avo has reached the milestone of over 5 000 customers registered and 170 registered Home Repair and Services merchants.
The term “Super App” refers to a multitude of apps aggregated into one. This means that customers and businesses can manage their daily lives through one app, breaking through the digital clutter on mobile. As Nedbank continues to test the market, they have filed eight provisional patents relating to the Avo platform – a great feat for platform innovation in Africa.
Following Nedbank’s internal launch to 30 000 staff members in the midst of the COVID-19 National Lockdown, they were driven to reposition the Super App’s offering to not only be level-5-compliant but create a trusted lockdown companion for their staff.
According to Nedbank, we’re to see the phased release of Avo to Nedbank clients, to allow for further enhancements before full public launch. The beta will allow Nedbank Money App users to use a two-click process to sign up seamlessly onto Avo, and allow this Super App to empower the way they do life.
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