FNNB's pricey mobile banking still ahead of the pack

FNB was the first to harness electro-magnetic waves that have become the new front in the war for customers, while Stanchart and Barclays are making impressive - and strategic - inroads into cellphone banking, Staff Writers Brian Benza and Baboki Kayawe report

Under the leadership of its former CEO Danny Zandamela, FNBB set the trend in the use of cellphone banking technology six years ago, overtaking Standard Chartered and Barclays to become Botswana's largest profit maker in the sector.

Introducing cellphone banking only in August this year, Stanchart and Barclays recently emerged on the market with innovative products of their own, which appear to be  relatively cheaper  in terms of charges but are trailing behind in terms of  service.

Editor's Comment
Oh what a State funeral!

That rare sight deserves heartfelt praise, not only for President Duma Boko and his administration, but also for the Botswana Democratic Party (BDP), the Umbrella for Democratic Change (UDC), the Mogae family, and the entire country.President Boko’s decision to grant a full state funeral to a man who belonged to a rival party was a mark of true statesmanship. He recognised that national leadership carries a weight that belongs to the whole...

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