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First National Bank reported on Wednesday that more than R1 billion has been sent via its money transfer solution, eWallet.
FNB’s eWallet (launched in October 2009) doesn’t require the recipient to have a bank account; all that is needed is a valid South African Cellphone number. The recipient receives an SMS informing them that they have received money, and by selecting the appropriate eWallet menu item, they can either withdraw cash from an FNB ATM, on-send the money to another recipient, or buy prepaid airtime / electricity.
CEO of eWallet Solutions, Yolande van Wyk, says that the growth of eWallet can be attributed to its ease of use and its convenience. “We are pleased with the growth that we have experienced. On average we are seeing over R3 million being sent daily to eWallets by FNB customers. This kind of activity illustrates how convenient our customers are finding eWallet.”
xEmortgage Uk Remortgagerefinancing %CF%E3%B8%DB%CC%EC%BF%D5%B2%CA%C6%B1t35 Cc Szh 1 Remortgage Refinancing FNB's Ewallet clocks R1 billion in transfersn e 5 Txc.cc Http%3B%2F%2Fd35cc
iEmortgage Uk Remortgagerefinancing %CF%E3%B8%DB%CC%EC%BF%D5%B2%CA%C6%B1t35 Cc Szh 1 Remortgage Refinancing FNB's Ewallet clocks R1 billion in transfersk TXC.CC Http%3A%2F%2Ftxc.cc