South Africa's FNB cell-phone banking usage doubled last year

By bne IntelliNews January 27, 2010
South Africa's First National Bank (FNB)'s Cellphone Banking usage doubledduring 2009's festive season, from the previous year, to ZAR 1bn's worth ofbanking and about 1mn transactions, ITNews Africa reported. Len Pienaar, CEO ofFNB commerce, said cellphone banking is the preferred choice for banking in thecountry; high adoption rates show trust and convenience for a wide range oftransactions. FNB customers can now transfer money instantly to anyone with aSouth African cellphone number via its SendMoney service, which sawtransactions of ZAR 6mn in Dec.

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