(Source: FNB, edited by Issa Sikiti da Silva). People not banking with South Africa’s First National Bank (FNB) can, from now, make use of the bank’s Banking App to perform transactions, with the addition of eWallet to the application suite of services, the bank said on Monday 18 February 2013.
This allows all eWallet users to perform transactions such as buying prepaid airtime, data, prepaid electricity, and send money with the added convenience of using the FNB App, the bank said.
“FNB customers can use the eWallet to make quick prepaid purchases, withdrawals and payments, including Geo Payments, without the need to login,” FNB head of Connect ISP and Business Operations Farren Roper said.
“The eWallet service on the app and also for existing eWallet users is similar to carrying a real wallet around in their pocket.
“The eWallet sits outside of login so payments have never been this easy or quick,” Roper added.
FNB eWallet users will need to download the FNB Banking App to access the enhanced eWallet suite of services. In addition, the bank said its existing customers will have their eWallet balances automatically updated on the App.
“Current users of eWallet will find the new enhancements on the FNB Banking App a much simpler and convenient way to transact.
“This user interface offers a much improved experience for eWallet users who have a smartphone or tablet device. We see this as an important step forward in the mobile money payment space,” FNB eWallet CEO Yolande van Wyk said.
The bank called it a ‘strategic’ move, which it said was a means of attracting non-FNB customers through unique features available on the FNB App, which already has more than 400 000 active users.
“When we launched Geo Payments in May 2012 we indicated that this was the beginning of a new person-to-person payment ecosystem.
“Non-FNB customers can now also use eWallet on the App to make Geo Payments, whereas previously, they could only receive Geo Payments.
“The fact that non-FNB customers can now also make Geo Payments means that we are moving even closer to an open ecosystem, which is quite a significant development in the contactless payments space,” Roper concluded.