{"id":486843,"date":"2021-04-30T10:55:02","date_gmt":"2021-04-30T08:55:02","guid":{"rendered":"https:\/\/businesstech.co.za\/news\/?p=486843"},"modified":"2021-05-07T12:22:31","modified_gmt":"2021-05-07T10:22:31","slug":"fnb-ewallet-hugely-popular-with-r28-billion-sent-in-12-months-via-7-3-million-active-ewallets","status":"publish","type":"post","link":"https:\/\/businesstech.co.za\/news\/industry-news\/486843\/fnb-ewallet-hugely-popular-with-r28-billion-sent-in-12-months-via-7-3-million-active-ewallets\/","title":{"rendered":"FNB eWallet hugely popular with R28 billion sent in 12 months via 7.3 million active eWallets"},"content":{"rendered":"<p>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.<\/p>\n<p>In the last 12 months, the Bank\u2019s customers have sent R28 billion via 7.3 million active eWallets.<\/p>\n<ul>\n<li><strong><a href=\"https:\/\/ad.doubleclick.net\/ddm\/trackclk\/N1187025.3278445TOUCH-DIRECTBUY\/B24922923.302476090;dc_trk_aid=495288942;dc_trk_cid=150084466;dc_lat=;dc_rdid=;tag_for_child_directed_treatment=;tfua=;gdpr=${GDPR};gdpr_consent=${GDPR_CONSENT_755};ltd=\" target=\"_blank\" rel=\"noopener\">Click here to learn more about FNB.<\/a><\/strong><\/li>\n<\/ul>\n<p>On average, FNB facilitates close to R2.5 billion and over 4 million eWallet transactions per month.<\/p>\n<p>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\u2019s customers to send money to anyone with a cellphone number.<\/p>\n<p>In the last two years, we\u2019ve 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.<\/p>\n<p>Recipients are not charged any fees to withdraw the funds, which makes this a logical solution to send or receive money.<\/p>\n<p>In contrast to third-party send money solutions which require going to a different platform to fund the wallet, our customers use our single trusted digital platform to complete the entire process, he says.<\/p>\n<p>According to Zibu Nqala, CEO of FNB Entry Wallet, FNB has also witnessed a growing trend of eWallet users who upgrade to entry-level bank accounts like FNB Easy Zero which has no monthly account fee.<\/p>\n<p>Easy Zero account holders get a free debit card, free card swipes, free cash deposits up to R1 500 per month, and are not charged a fee when buying airtime\/data via FNB\u2019s banking channels.<\/p>\n<p>Customers also get free unlimited Cash@Till withdrawals at retailers such as Shoprite, Checkers, Pick n Pay, Boxer and selected Spar stores.<\/p>\n<p>The FNB App is also zero rated, which means users do not require data to access services,\u201d says Nqala.<\/p>\n<p>\u201cWe designed Easy Zero as a store of value for customers with limited banking needs. We also have our Easy Pay-As-You-Use and Easy Smart accounts which offer several benefits to our Entry Banking customers.<\/p>\n<p>The growing appeal of our propositions attests to our ability to solve for customers\u2019 needs at every life stage.<\/p>\n<p>As customers move up our Retail continuum, bundled accounts offer much more value through a combination of eBucks, the best rewards in banking, and a range of specialised money management services,\u201d concludes Makanjee.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>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.<\/p>\n","protected":false},"author":57,"featured_media":486845,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[10459],"tags":[76],"class_list":["post-486843","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-industry-news","tag-fnb"],"_links":{"self":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/486843","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\/57"}],"replies":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/comments?post=486843"}],"version-history":[{"count":5,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/486843\/revisions"}],"predecessor-version":[{"id":488835,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/486843\/revisions\/488835"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media\/486845"}],"wp:attachment":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media?parent=486843"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/categories?post=486843"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/tags?post=486843"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}