FNB Launches New Cards
Monday, April 20, 2009
The Bank also announced that customers paying at FNB Paypoint, will be accumulating points that could win them tickets for the Confederations Cup in 2009 and world cup in 2010.
The swipe and stand in line to win tickets to the FIFA World Cup 2010, starts today. 60 customers wining tickets to the Confederations Cup. The bank will also launch FIFA 2010 World Cup branded credit and debit card, next month. FNB customers will be able to redeem their existing debit card or credit cards for this limited edition.
Whilst celebrating milestones in inclusivity, with notably P5 billion awarded to vulnerable groups, the report sounds a 'siren' on a dangerous and growing trend: the ballooning use of micro-procurement. That this method, designed for small-scale, efficient purchases, now accounts for a staggering 25% (P8 billion) of total procurement value is not a sign of agility, but a 'red flag'. The PPRA’s warning is unequivocal and must be...