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eWallet

Company News

FNB’s eWallet Service Surges: A Remarkable 15% Increase in Transaction Value

Eva Sgroi -
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...
FinTech

FNB sees significant growth in mobile banking

Jenna Delport -
“The record volumes and value of money sent by consumers using eWallet is a great testament of how simple, convenient and secure the offering is," says Dr Christoph Nieuwoudt, FNB Consumer CEO, at the announcement of FNB's record eWallet...
FinTech

FNB customers can now pay at SPAR using eWallet

Staff Writer -
FNB has announced that consumers can now use eWallet to purchase goods and withdraw cash at participating owner-managed SPAR stores in South Africa. eWallet@till, the cardless functionality uses a cellphone to enable eWallet recipients to make over the counter purchases...
FinTech

Women catching up to men on eWallet usage via FNB App

Staff Writer -
The latest data published by FNB eWallet Solutions has revealed that women are catching up to men when it comes to cashing in on the convenience of sending and receiving money via eWallet on the FNB App. The data...
FinTech

Mobile Money a big hit for South Africans

Staff Writer -
South Africans are showing significant appetite for mobile money solutions, this is according to the latest data from FNB eWallet Solutions, which shows that 4.2 million new eWallets were created over the last 12 months, a rate of about...
Online & Social

Millicom & Kalixa ink online payments processing partnership

Staff Writer -
Millicom and Kalixa unveiled the establishment of a joint venture to develop a payments service provider to operate in Africa and Latin America, initially commencing in Colombia and Brazil later this year. The joint venture will offer payment acceptance services...
Mobile and Telecoms

Could Zim become Africa’s first cashless economy?

Staff Writer -
Strive Masiyiwa, founder and chairman of Econet Wireless, wants to turn the company's mobile wallet technology, known as EcoCash, into Zimbabwe's primary method of payment. Masiyiwa claims that it will no small task; however, he essentially wants to replace the...
Mobile and Telecoms

FNB’s mobile money shows significant growth

Staff Writer -
Mobile banking is taking off across Africa, with FNB recorded a 150% growth year-on-year for its Cellphone Banking service and 1384% growth eWallet usage. 2.4 million transactions were conducted on cellphones during December 2011 in Botswana, Namibia, Zambia, Swaziland and...
Mobile and Telecoms

eWallet use increased over December

Staff Writer -
South Africa's First National Bank’s mobile eWallet has seen a 133% jump in growth for the month of December 2011, processing over R140 million in money transfer transactions as compared to R60 million in December 2010. “Every festive season since its...
Mobile and Telecoms

FNB’s mobile eWallet available to non-account holders

Staff Writer -
South African consumers will now be able to use their cellphones to shop and do banking – even if they don’t have a bank account. This is as a result of a partnership between First National Bank and retail store...
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Latest News

Digital TransformationMamsi Nkosi -

Ethio Telecom & AfDB Partnership to Drive Ethiopia’s Digital Economy

In a strategic effort to support Africa's digital transformation, Ethio Telecom has partnered with the African Development Bank (AfDB)...
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