FNB's eWallet Service Surges: A Remarkable 15% Increase in Transaction Value - IT News Africa | Business Technology, Telecoms and Startup News

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FNB says it continues to see signs of a rebound in consumer-to-consumer economic activity, demonstrated though a significant increase of...

FNB says it continues to see signs of a rebound in consumer-to-consumer economic activity, demonstrated though a significant increase of over 15% in the value of money sent via its renowned eWallet service during the previous financial year, rising from R33.7 billion to an impressive R38.9 billion.

“The growth in eWallet transactions is also testament to the impact we are making in the lives of South Africans through solutions that are easily accessible, helpful for their daily lives, and available through our safer digital channels.“We are proud to continue witnessing the popularity of this digital innovation to empower consumers by transcending geographical barriers to promote financial inclusion.

Over the years, we’ve supported this consumer-led economic activity by providing our qualifying individual customers with a limited number of free eWallet transactions per month.”FNB expanded its offerings for its Entry customers several years ago with the introduction of the FNB Easy Zero bank account, building on the success of eWallet. With that in mind, consumers can select the best and most cost-effective choices for their specific financial needs.

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