Rautenbach says credit cards grew 13%, reflecting strong new account sales together with increased limits and utilisations.
Absa was among the first to go to market with Google Wallet and the rollout of the Abby chatbot; Absa ID was also effective, with over 2 million enrollments in the first year. In the product solutions cluster , headline earnings grew 26% to R3.5-billion, driven by the recovery in the insurance business, while the lending businesses maintained balance sheet growth momentum, notwithstanding the impact of the weaker macro environment and supply chain challenges.
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