FNB enhances eWallet Solution

November 28, 2011 11:27 am 0 comments

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First National Bank (FNB) today announced that it has enhanced its eWallet solution with two new features – enabling users to pay money from eWallet directly to a bank account, and allowing users to pay bills from their eWallet.  

‘When we created the eWallet, recipients were only able to send money to another cellphone.  With this enhancement, eWallet users are able to pay funds directly into an individual’s bank account at any of the major South African banks, or easily make a payment to one of our pre-loaded beneficiaries such as municipalities, Edgars etc,” says Yolande Van Wyk, CEO of eWallet Solutions.

“Enabling South Africans to transfer money directly into a bank account or pay their bill without having to leave their homes is taking us closer to making banking truly accessible to the previously unbanked,” notes Van Wyk.

Following customers’ feedback, the eWallet can now hold a maximum balance of R3 000, an increase from R1 000.

At the time of being launched by FNB in 2009, eWallet customers could transfer a maximum of R1 000 per day to another person using the eWallet. This maximum was recently also increased, to R1 500 per day.

“The beauty of eWallet is that the recipient doesn’t need a bank account to be able to access the money sent to them. In addition to withdrawing cash, buying prepaid airtime or sending the money to another person, they can also pay their bills instantly and conveniently,” concludes Van Wyk.

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