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Two months after the introduction of their smartphone and tablet Banking Application, First National Bank (FNB) has announced that the App is now also available on Nokia Symbian smartphones – making the App available on all major operating systems.
FNB clients who have Nokia Symbian touchscreen phones are now able to download the FNB App for free from the Nokia OVI Store.
The App, which was designed and built in-house by FNB, was initially available on three mobile operating systems, namely iOS (Apple); Research In Motion (BlackBerry) and Android.
Absa has announced a 65% year-on-year increase in financial transactions made on its three cellphone banking offerings. “Cellphone banking adoption continues to beat expectations. In 2011, we will see transaction values of about R10 billion transferred via the mobile channels. With a wide range of transactional and enquiry services that are now available via cellphone [...]
Absa has announced that customer transactions for its cardless ATM offering, Introduced in late 2008, CashSend enables Absa individual customers – who do not have bank accounts – to send money from the cellphone banking platform, any ATM and from Internet banking channels to anyone in the country, both banked and unbanked. Absa says transactions [...]
With the rapid uptake of cellphone banking in Africa, mobile banking is increasingly proving to be the ideal channel to access cash in Africa, says FNB.
The bank revealed today that it has recorded year on year growth of 376% in Zambia, 277% in Botswana; 204% in Namibia and 473% in Swaziland.
“When we introduced our cellphone banking solution into other African countries, sceptics were not convinced by this channel as being a successful financial offering. However, the numbers we are seeing are confirmation that the African continent is actually an ideal market for mobile banking services,” says Danny Zandamela, CEO of FNB Africa.
FNB has announced that its cellphone banking business has reached 3 million customers.
The bank’s CEO, Michael Jordaan has called the business “one of the bank’s greatest success stories”.
“Having 3 million customers safely doing their banking anytime, anywhere, is proof that we have made the right investment decision – an investment in driving innnovation which enables us to offer affordable, convenient and safe banking services,” said Jordaan.
The simplicity of cellphone banking has resulted in a diverse portfolio of customers using it – over 72% of customers earn less than R100 000 per annum, and fall within the 19-40 age group, while 18% earn between R100 000 – R500 000.
Eighteen percent of South Africans are using mobile phones to transfer money – proof, says First National Bank, of the rapid growth of this form of banking.
The 2011 World Wide Worx Research, which probed the use of mobile phones for banking purposes, showed that close to 2 out of every 10 people are now using their phones to transfer cash to family and friends.
“Mobile money is one of the fastest growing sectors in the financial services environment – with many people opting for an electronic wallet instead of a leather one,” says CEO of First National Bank (FNB) eWallet Solutions, Yolande van Wyk.
A research study released yesterday shows that the cellular habits of South African phone users have evolved dramatically in the past year as smartphones, mobile applications and the mobile Internet entered the mainstream. The Mobility 2011 research project conducted by World Wide Worx and backed by First National Bank, reveals that 39% of urban South [...]