{"id":27570,"date":"2012-11-29T11:39:03","date_gmt":"2012-11-29T09:39:03","guid":{"rendered":"http:\/\/businesstech.co.za\/news\/?p=27570"},"modified":"2012-11-29T13:56:52","modified_gmt":"2012-11-29T11:56:52","slug":"fnb-ewallet-milestone","status":"publish","type":"post","link":"https:\/\/businesstech.co.za\/news\/mobile\/27570\/fnb-ewallet-milestone\/","title":{"rendered":"FNB eWallet milestone"},"content":{"rendered":"

In the past year, FNB<\/a>‘s eWallet has seen over R1.6 billion in transactions from the 1.7 million accounts created in South Africa.<\/p>\n

FNB’s eWallet launched in 2009 and has extended its functionality from simple person-to-person funds transfer, to a broader range of transactions.<\/p>\n

With the eWallet, users can buy prepaid airtime & electricity; send money to another cellphone; pay from the eWallet to a bank account; buy Moola on Mxit<\/a>; and get cash from any FNB ATM.<\/p>\n

FNB also announced that both FNB and non\u2013FNB customers can now deposit cash into eWallet using the FNB ATMs with automated deposits.<\/p>\n

This service was previously only available to FNB customers.<\/p>\n

“All these factors have contributed to FNB eWallet emerging as the largest mobile money solution in South Africa, according to research conducted by World Wide Worx<\/a>,” FNB said.<\/p>\n

The eWallet is also available in Botswana, Swaziland, Lesotho, Zambia and Namibia.<\/p>\n

Making money mobile<\/h3>\n

Mobile banking and commerce platforms are in focus in South Africa, with the recent launch of Mxit money, and a mobile-only banking service from MTN<\/a> and the South African Bank of Athens<\/a>.<\/p>\n

This marks entry into the mobile commerce market from other sectors, beyond financial institutions.<\/p>\n

MTN’s offering, Mobile Money, enables customers to make payments from their mobile phones and transfer funds to other users easily with their money account.<\/p>\n

The network operator’s offering is available to customers from any cellular network, with transaction fees applicable to certain services for non-MTN customers.<\/p>\n

In August, social network Mxit partnered with Standard Bank and later with FNB for Mxit Money – the company’s eWallet offering.<\/p>\n

The platform allows for Mxit Money users to transact with their eWallet accounts, as well as buy Mxit Moola, airtime and electricity.<\/p>\n

Related articles<\/h3>\n

New mobile-only bank to launch in SA?<\/strong><\/a><\/p>\n

MTN unveils new enterprise business unit<\/a><\/strong><\/p>\n

Social lending to hit SA banking<\/strong><\/a><\/p>\n

Standard Bank and Mxit launch mobile money service<\/strong><\/a><\/p>\n

Mobile transactions to hit $730bn by 2017<\/strong><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

In the past year, FNB’s eWallet has seen over R1.6 billion in transactions from the 1.7 million accounts created in South Africa.<\/p>\n","protected":false},"author":10,"featured_media":15303,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[34],"tags":[957,76,26,1697,28,3862,499],"class_list":["post-27570","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-mobile","tag-ewallet","tag-fnb","tag-headline","tag-mobile-money","tag-mtn","tag-mxit-money","tag-standard-bank"],"_links":{"self":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/27570","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/users\/10"}],"replies":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/comments?post=27570"}],"version-history":[{"count":8,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/27570\/revisions"}],"predecessor-version":[{"id":27576,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/27570\/revisions\/27576"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media\/15303"}],"wp:attachment":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media?parent=27570"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/categories?post=27570"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/tags?post=27570"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}