Article

  Comment(0)

 
Share:    Email  

FNB storming the telecoms castle

Gareth Vorster

Monday, April 23, 2012 - 09:22

FNB storming the telecoms castle. Earlier this month (3 April 2012), the group reported that more than one million FNB eWallets have been created – with more than R1.6 billion paid into them since 2009.

While established operators MTN Group and Vodacom, who between them dominate the mobile space, look to Africa to expand their mobile money payment solutions, banking group FNB isn’t so much as making waves as it is ‘small tsunamis’ with an offering of its own.

Earlier this month (3 April 2012), the group reported that more than one million FNB eWallets have been created – with more than R1.6 billion paid into them since 2009.

The FNB eWallet allows people to send money to anyone in South Africa with a valid cellphone number. Funds are transferred instantly and the recipient receives an SMS indicating that funds have been sent to their cellphone.

Recipients are able to withdraw cash at FNB ATMs, buy pre-paid airtime or electricity, send money to another cellphone, purchase and/or get cash at selected retailers as well as make once off payments.

Read the full story by clicking the link below
http://businesstech.co.za/news/general/10521/fnb-storming-the-telecoms-castle/
 
Tags: Mobile Money Transfer, Mobile Payments, EMEA, APAC, Safaricom, Mobile Money, Vodacom, FNB, Mobile Wallets, MTN Group

Sponsored Links
 

 

  Article

   Comments(0)

 
Login or register to post comments
[Show comment]

Stay Connected

 
Sign Up for the Latest in:
 
 
Mobile Money Transfer
Mobile Commerce
Micro Finance
Mobile Technology
EMEA
APAC
Mobile Payments
Mobile Banking
Mobile Marketing
Global
Americas
Company
(*)
 

MOST POPULAR

HEADLINES

1.Western Union Launches Digital Remittance Business in Europe
2.Apple iPhone 6 expected to include mobile payments, NFC
3.Top Five Mobile Banking Security Tips From Tech CU
4.Digital payments could help billions of people without access to
5.Mobile payment startup Square said to be raising funds at US$6b v

FEATURED COMPANIES

MOST POPULAR

BLOGS


 
 

Mobile Financial News from around the web

 
 
 

Inside the DonRiver Network