Sending and receiving money through mobile has become increasingly popular. Even in emerging markets like Africa, the digitalization of money has become an everyday-thing.
In South Africa, there are many different ways to send or receive money on your mobile. Internet banking aside, many companies offer made-for-mobile money sending systems, that make sending money as easy as sending a text message.
Dashboard and World Wide Worx have recently collected data on mobile money sending in South Africa as part of a collective Mobility 2014 study.
In the survey, they questioned 1200 people. 9% of the people surveyed said that they had used mobile money sending services over the past three months. (more…)
Good news for Google Wallet users – and unfortunately only US citizens. Google has announced that they will now offer a prepaid debit card connected to users’ Google Wallet accounts.
The card, which for now is only available in the good old US of A, will allow customers to purchase goods at shops and draw actual cash from ATM machines.
However, you would have to have a Google Wallet account to use the debit card for your shopping sprees. Google Wallet is a app and online payment service that allows its users to buy goods and transfer money between each other.
Consumers can add money to the card by linking it to their (or a) bank account. The card can also be loaded with money when someone else transfers money, via Google Wallet into their Wallet account.
To access the card’s balance at shops or at an ATM, you simply use the same pin-code that you use with your Google Wallet account. (more…)
FNB’s popular banking app is now also be available in other African countries. The app, which has amassed over 600 000 active users in South Africa, is now available for download in FNB’s African subsidiary countries.
These include Namibia, Botswana, Zambia, Tanzania, Swaziland and Lesotho.
The FNB banking app was the first of it’s kind in Africa when it launched back in 2011. Since then, the app, as well as the mobi-site, has grown to offer users a broader banking experience on their mobile device.
Both the app and mobi-site gives users the opportunity to do their banking anywhere, anytime and know its still safe and secure.
The FNB app is available to download on iOS, Android and Blackberry. The mobi-site works on all internet enabled phones, including smartphones as well as feature phones.
The app has shown a significant uptake in other African countries where FNB is operating. More than 4200 customers are actively using the app and over 8800 users have taken up banking on the mobi-site.
Why is it so exciting that FNB has launched their app and mobi-site to a greater African audience? Well, because Africa is the world’s fastest growing market in the world. Providing digital banking to these budding markets will not only secure success for FNB, but will also empower their clients. (more…)
Two of South Africa’s oldest and largest institutions, Telkom and ABSA, have joined forces on Telkom’s ADSL and prepaid packages.
According to Telkom, ABSA customers will now receive cash rewards when they purchase airtime for the newly launched Telkom Mobile or when subscribing to Telkom ADSL contracts.
In a statement released on Monday, the South African communications giant said that they believe ABSA customers are a source of “quality customers” and that their loyalty will give Telkom a “long tenure”.
The cash rewards tie in with the ABSA Rewards Programme. This is a bank rewards initiative that, unlike other South African banks, offers it’s customers real cash back for swiping their ABSA card. (more…)
If you are an FNB customer with many investments to keep track of – here is something that is sure to make your life a little easier.
Yesterday, FNB announced the availability of ‘Share Investing’ on the FNB app.
The new function is available on the latest version of the popular banking app that is compatible on both smartphones and tablets.
The availability of FNB’s ‘Share Investing’ function, will give FNB customers the ability to buy, sell and keep track of all their investments – simply by using their smartphones or tablets. (more…)
FNB has added the Samsung Galaxy S4 mini to its range of leading smart devices on offer that give customers access to affordable digital banking.
“FNB now sells over 35 models of smart devices and we are pleased to add the Samsung Galaxy S4 mini to our range. We have recently added the Blackberry Q10 and Q5, the Samsung Note 8.0 (read the review here), the latest range of Apple MacBook Airs, as well as a range of HP Notebooks,” says Kartik Mistry, Head of Smart Devices at FNB’s Core Banking Solutions.
The S4 mini features a 4.3-inch qHD Super AMOLED display, a 1.7GHz dual core processor, an 8-megapixel rear-facing camera and a 1.9-megapixel front-facing camera.
dotFNB branches located around the country have added a variety of smart device accessories to its product range, allowing FNB account holders to personalise and enhance the functionality of their smart devices.
Of the addition of devices, Kim Gibson-Van der Walt, Head of dotFNB says, ”dotFNB serves as the space where the FNB digital ecosystem becomes tangible. Customers can now bank, receive tutorials on the use of FNB digital banking channels, buy smart devices and the accessories to match.”
According to a report by PRWeb, the market for mobile device accessories are set to reach US$84.6 billion by the year 2018 as smart devices become more attainable.
First National Bank (FNB) has announced the launch of their Uncapped ADSL product with discounts of up to 100% that aims to secure its position as a key player in the data provision space and contribute to increased internet penetration in South Africa.
The new offering will give discounts of up to 100% on monthly subscription fees applicable for qualifying customers who sign up from 8 August 2013.
Qualifying Personal Cheque Account holders and FNB Private Client customers can receive between 10% and 100% off on some of the most competitive uncapped ADSL rates through FNBs internal Internet Service Provider, FNB Connect. Customers can reach the 100% discount through banking efficiently and electronically, and holding qualifying products with FNB.
According to Farren Roper, HEAD of FNB Connect ISP, “FNB has always been the leader in terms of data rewards offered to customers. We have embraced the trend towards uncapped ADSL and wanted to offer a long term deal which will distinguish FNB from the other players in the market. No other ISP gives their clients up to 100% discount off their monthly Uncapped ADSL subscription.”