First National Bank (FNB) has certainly fired the opening salvo when it comes to mobile banking in South Africa, with its July 19 launch of mobile banking applications for iOS, Android and Blackberry. These applications complement an established and popular USSD cellphone banking service from the bank.
FNB is the first of the big four to venture into the banking application realm – although it is not the first in South Africa, as it claims, Imbongi Capital has offered a full suite of banking applications since 2010.
Imbongi Captal is a customer of VMT and they used a mobile enterprise application platform (MEAP) to launch across all platforms immediately. The other South African banks would do well to sit up and take note, as it is clear that deploying banking applications is no longer a matter ‘if’ but ‘when’.