South African banking is characterized by a well-regulated system that includes both local and international banks. Major banks like Standard Bank, Absa, and First National Bank provide a range of services, including personal and business accounts, loans, and investment options. The banking sector is overseen by the South African Reserve Bank, which ensures financial stability and consumer protection. In recent years, digital banking has gained popularity, with many banks offering online services and mobile apps for convenience. The rise of fintech companies has also introduced innovative solutions, making banking more accessible to a broader population. Overall, South African banking continues to evolve with technology and regulatory changes.