IN the midst of a global pandemic which has put strain on household incomes, FNB eWallet remains the most popular way for consumers to send and receive money.
In the last 12 months, the Bank’s customers have sent R28 billion via 7.3 million active eWallets.
On average, FNB facilitates close to R2.5 billion and over 4 million eWallet transactions per month.
Raj Makanjee, CEO of FNB Retail and Private Banking says eWallet is a success story of meaningful financial inclusion as a it allows the Bank’s customers to send money to anyone with a cellphone number.
In the last two years, we’ve enabled more customers to enjoy the benefit of sending money via eWallet by allowing even more customers, including Easy Smart accountholders 2 free eWallet sends per month.
Recipients are not charged any fees to withdraw the funds, which makes this a logical solution to send or receive money.
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