Featured
AppDate: MTN ramps up international transfers
In his latest app roundup, SEAN BACHER focuses on MTN Homeland, big growth in FNB’s eWallet spend, Nedbank’s Money App Lite, Afri Ride and iKhokha Vend.
FNB’s eWallet volume explodes
FNB expected a 26% increase in eWallet funds volume sent during the festive season. During 2018’s festive season the bank’s customers sent over R2.4-billion worth of eWallet funds, so 2019 should see the festive season total reach R3-billion.
FNB Consumer CEO Christoph Nieuwoudt says: “Over the years we have seen substantial growth in eWallet volumes during the festive season. eWallet provides our customers with simplicity, convenience and security when sending money. This offering has become top of mind amongst South Africans when looking for easy ways to send money.”
For the current year, FNB’s data revealed that consumers in Gauteng are the top senders of eWallet funds, at 47%, followed by KwaZulu-Natal at 14%, and Western Cape at 10%. Other provinces completing the top six are Eastern Cape at 9%, Limpopo, Mpumalanga and Northwest jointly at 5%. Free State came in last at 4%.
Platform: Most devices with an up-to-date Internet browser
Expect to pay: A free service
Stockists: Customers can send eWallet using all electronic platforms like the FNB App, smartphones, through FNB’s website at FNB.co.za and ATMs nationwide. Recipients can instantly access their funds by simply dialling *120*277#.
Read more about Nedbank’s new Money Lite app, Afri Ride app for ride sharing, and iKhokha Vend.
