FNB launches eWalletPro
Monday, October 16, 2023 | 4220 Views |
Kampupe Chola Kaunda PIC: MORERI SEJAKGOMO
The latest product is a payment solution by FNB that will allow for monetary payments and transactions to be credited to cell phone wallets and cards by users. Just like cheques, eWallet Pro allows account holders to send and pay debtors only that this time around it will be done digitally or on a debit card basis. Through the eWallet Pro, companies can finance their payroll on a continuous basis to withdraw cash for corporate use with a daily limit of P10,000 and the bank will provide card-based options to users.
To qualify for eWallet Pro, one must be an FNBB Corporate or business customer with an active account and registered on Online banking. Speaking recently at the launch, Rand Merchant bank director , Kapumpe Chola Kaunda said as a bank they continuously thrive to stay ahead of the market in order to gain a competitive advantage ahead of other banks hence the launch of this product ahead of the cheque phasing out.
Whilst the project received mixed reactions from members of the public, the project is indeed a welcome development, which needs to be implemented as soon as possible. Many shared their opinion, with those against the project decrying that if implemented, it will kill the already struggling public transport industry.Many countries around the world have state-run public transport, and those who have travelled to such countries will give testimony...