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FNB Namibia hits one million eWallets

Staff writer |
FNB Namibia recently reached a big milestone with its eWallet offering when they reached 1 million eWallets.

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FNB Namibia launched a competition for the 1 millionth eWallet, and was excited that many more Namibians have been exposed to the product and have come to realise that an FNB eWallet is safe and convenient and assists many people with no formal banking to send and receive money.

The winner of the competition, who sent the 1 millionth eWallet, is Simeon Sprian from the Erongo region. He won 1 million cents or N$10 000.

Namibia continues to contribute 49% towards FNB International's growth in eWallets (number of eWallets opened). There are more than twice as many eWallets created as the number of cellphone banking users.

eWallet has a base of more than 1 million electronic wallets, and 73% are active wallets. FNB also introduced the bulk send towards the end of last year, which offers business customers the convenience of sending bulk eWallets via online banking for business.


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