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Nedbank enters the Metaverse

Nedbank has collaborated with Africarare by securing a 12×12 village in Ubuntuland to establish its presence as the first African financial services organisation to enter the Metaverse.

Forming part of the financial services group’s digital strategy, the Nedbank village will focus on customer value and services with numerous experiences ranging from virtual gaming to a sports lounge.

Nedbank joins global players such as DBS Bank, HSBC, JP Morgan, and Fidelity Investment who have partnered with Metaverses globally. Locally, early settlers in Ubuntuland include MTN, World Data Lab, and M&C Saatchi Abel.

As Nedbank we want to remain at the forefront of the technologies that will enable the next wave of digital business models, so we’re investing in web 3.0 and the newer open-source technologies on which the Metaverse is built. It’s important for us as Nedbank to continue leading and advancing our digitisation journeys which have already yielded excellent results for the Group and enable Nedbank to engage in the future digital market places, where we believe, we will need to meet and serve our clients,” says Fred Swanepoel, Nedbank’s Chief Information Officer.

We are thrilled to welcome Nedbank into Ubuntuland and look forward to creating positive change with them,” says Mic Mann, Co-founder, and CEO of Africarare. “By entering the Metaverse, this organisation will pave the way for new solutions for Africa and play a role in the future of banking in this exciting world.”