FNB clients are increasingly using their e-wallets on their Android and Apple devices to pay for goods and services. E-wallets allow people to transact without a physical card, with customers using their smartphones, tablets and watches instead.<\/p>\n\n\n\n
In the six months between July and December 2023, FNB account holders made 80-million e-wallet transactions. These were worth R31-billion, or an average of R388 per transaction. This is an eightfold increase from the 9.7-million transactions over the same six months in 2021, when transactions averaged R351 each.<\/p>\n\n\n\n
FNB launched its digital cards at the end of July 2020. By December 2023, 5-million virtual cards had been activated. The significant rise in e-wallet transactions is in line with the global shift towards more convenient and secure payment options.<\/p>\n","protected":false},"excerpt":{"rendered":"","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[709,1387],"tags":[941,562,945,943,942,944,946],"newsletter-post":[],"site":[],"class_list":["post-88450","post","type-post","status-publish","format-standard","hentry","category-business","category-the-outlier","tag-banking","tag-consumers","tag-digital-payments","tag-e-wallet","tag-fnb","tag-smart-devices","tag-spending"],"acf":{"big_number":"","big_number_caption":"","big_number_link":"","big_number_background":"","big_number_text_colour":"#000000","big_number_icon":false,"big_number_wide":"yes","featured_chart":{"ID":88416,"id":88416,"title":"ATMs-OWIC","filename":"ATMs-OWIC-1.png","filesize":23642,"url":"https:\/\/outliereditor.co.za\/wp-content\/uploads\/2024\/07\/ATMs-OWIC-1.png","link":"https:\/\/outliereditor.co.za\/index.php\/2024\/07\/18\/fnbs-e-wallet-transactions-surge-to-80m-in-6-months\/atms-owic-2\/","alt":"","author":"7","description":"","caption":"FNB clients are increasingly using their e-wallets on their Android and Apple devices to pay for goods and services. E-wallets allow people to transact without a physical card, with customers using their smartphones, tablets and watches instead.\nIn the six months between July and December 2023, FNB account holders made 80-million e-wallet transactions. These were worth R31-billion, or an average of R388 per transaction. This is an eightfold increase from the 9.7-million transactions over the same six months in 2021, when transactions averaged R351 each.\nFNB launched its digital cards at the end of July 2020. By December 2023, 5-million virtual cards had been activated. The significant rise in e-wallet transactions in South Africa is in line with a global shift towards more convenient and secure payment options.","name":"atms-owic-2","status":"inherit","uploaded_to":88450,"date":"2024-07-17 07:13:13","modified":"2024-07-18 05:44:06","menu_order":0,"mime_type":"image\/png","type":"image","subtype":"png","icon":"https:\/\/outliereditor.co.za\/wp-includes\/images\/media\/default.png","width":1080,"height":1080,"sizes":{"thumbnail":"https:\/\/outliereditor.co.za\/wp-content\/uploads\/2024\/07\/ATMs-OWIC-1-150x150.png","thumbnail-width":150,"thumbnail-height":150,"medium":"https:\/\/outliereditor.co.za\/wp-content\/uploads\/2024\/07\/ATMs-OWIC-1-300x300.png","medium-width":300,"medium-height":300,"medium_large":"https:\/\/outliereditor.co.za\/wp-content\/uploads\/2024\/07\/ATMs-OWIC-1-768x768.png","medium_large-width":768,"medium_large-height":768,"large":"https:\/\/outliereditor.co.za\/wp-content\/uploads\/2024\/07\/ATMs-OWIC-1-1024x1024.png","large-width":1024,"large-height":1024,"1536x1536":"https:\/\/outliereditor.co.za\/wp-content\/uploads\/2024\/07\/ATMs-OWIC-1.png","1536x1536-width":1080,"1536x1536-height":1080,"2048x2048":"https:\/\/outliereditor.co.za\/wp-content\/uploads\/2024\/07\/ATMs-OWIC-1.png","2048x2048-width":1080,"2048x2048-height":1080}},"flourish_chart_id":"","flourish_sub_title":"","flourish_chart_width":"medium","is_newsletter_post":"No","post_style":"ch","show_on_front":"Yes","link_through":"Yes","chart_url":"","background_colour":"#0089AA","text_colour":"#FFFFFF"},"_links":{"self":[{"href":"https:\/\/outliereditor.co.za\/index.php\/wp-json\/wp\/v2\/posts\/88450","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/outliereditor.co.za\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/outliereditor.co.za\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/outliereditor.co.za\/index.php\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/outliereditor.co.za\/index.php\/wp-json\/wp\/v2\/comments?post=88450"}],"version-history":[{"count":2,"href":"https:\/\/outliereditor.co.za\/index.php\/wp-json\/wp\/v2\/posts\/88450\/revisions"}],"predecessor-version":[{"id":88452,"href":"https:\/\/outliereditor.co.za\/index.php\/wp-json\/wp\/v2\/posts\/88450\/revisions\/88452"}],"wp:attachment":[{"href":"https:\/\/outliereditor.co.za\/index.php\/wp-json\/wp\/v2\/media?parent=88450"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/outliereditor.co.za\/index.php\/wp-json\/wp\/v2\/categories?post=88450"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/outliereditor.co.za\/index.php\/wp-json\/wp\/v2\/tags?post=88450"},{"taxonomy":"newsletter-post","embeddable":true,"href":"https:\/\/outliereditor.co.za\/index.php\/wp-json\/wp\/v2\/newsletter-post?post=88450"},{"taxonomy":"site","embeddable":true,"href":"https:\/\/outliereditor.co.za\/index.php\/wp-json\/wp\/v2\/site?post=88450"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}