Banking & Finance In brief South Africa

FNB's eWallet now works at Spar outlets

First National Bank's (FNB) eWallet may now be used to purchase goods and withdraw cash at participating owner-managed Spar stores across South Africa. The cardless functionality of the eWallet@till uses a cellphone to enable eWallet recipients to make over the counter purchases and withdrawals at more than 1,300 participating SPAR outlets.

According to FNB's eWallet@till user data, there has been an increase in usage across select provinces in December 2017, with 53% transactions taking place in Limpopo, followed by Gauteng at 32% and KwaZulu-Natal with 10% as well as the Eastern Cape with about 5% of transactions.

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