FNB e Wallet Quick reference
FNB eWallet is the most popular way of sending and receiving money among consumers. It is a top electronic wallet from South African bank FNB, which is the most widely used in the region.
The main currency is the South African rand. Recipients do not pay a commission for withdrawing money, and clients use one platform for any chosen processes in carrying out financial services.
FNB is the oldest bank in South Africa, with a history dating back to 1838. On June 30, 1999, the banking interests of FNB, WesBank, and RMB FirstRand officially merged into a single company, FirstRand Bank.
In October 2009, First National Bank (FNB) launched eWallet in South Africa - a mobile money solution aimed at bridging the gap between banking and non-banking organizations.
Within a year, customers sent 28 billion rand through 7.3 million active electronic wallets. FNB provides approximately 2.5 billion rand and more than 4 million eWallet transactions per month.
Raj Makanji, CEO of FNB Retail and Private Banking, says the eWallet allows clients to send money to anyone with a mobile phone number. FNB is a division of FirstRand Bank Limited. Authorized financial services and credit provider 1929/001225/06 (NCRCP20).
There is a phone number, chat with experts, or support service for contacting support within the application.
List of currencies supported by FNB eWallet
The main currency is the South African rand. Recipients do not pay a commission for withdrawing money, and clients use one platform for any chosen processes in carrying out financial services.
To deposit or withdraw funds in another currency, the eWallet offers conversion. This way, it is possible to buy centralized currency like Bitcoin using FNB eWallet simply and safely at any time of day.
Features of the eWallet
The eWallet provides its customers with a multitude of functions and opportunities for paying for services, topping up mobile accounts, deposits, transfers both within the country and internationally, as well as loans, online subscriptions, service fees, online purchases from internet shops, cash withdrawals, mobile phone top-ups, credit payments, and much more.
To send money to the eWallet from a credit card, it is sufficient to use FNB's online banking or FNB ATMs.
With eWallet, it is also possible to withdraw money from a card and receive cash. It is sufficient to receive an e-voucher, which is essentially an SMS with a pin code that needs to be entered at the bank's ATM to receive cash.
As a client of FNB with an active transactional account or FNB debit or credit card, there is access to the money sending service.
Reviews of FNB eWallet
There are many positive reviews of FNB eWallet, as it is the perfect solution for carrying out various financial services without visiting a bank. Furthermore, the wallet belongs to one of the oldest banks, which has been trusted by its clients for years.
Conclusion
FNB eWallet is an electronic wallet with a multitude of functions, aimed at the South African public. It is the most popular way of sending and receiving money among consumers, which enjoys the greatest popularity in the region. It is sufficient for the recipient to have only a mobile phone. Recipients do not pay a commission for withdrawing money, and customers use a single platform for any chosen processes in carrying out financial services.
