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Fintech CLOWD9 appoints former Carta Worldwide COO and Mastercard Product Lead Richard Wray as Chief Product Officer

Fintech CLOWD9 appoints former Carta Worldwide COO and Mastercard Product Lead Richard Wray as Chief Product Officer
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Fintech Clowd9 Appoints Former Carta Worldwide Coo And Mastercard Product Lead Richard Wray As Chief Product Officer

Fintech Clowd9 Appoints Former Carta Worldwide Coo And Mastercard Product Lead Richard Wray As Chief Product Officer
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Contactless Payment Methods Beat Traditional Options for the First Time - IT News Africa - Up to date technology news, IT news, Digital news, Telecom news, Mobile news, Gadgets news, Analysis and Reports

Sourced from Htxt.Africa
South African bank, FNB has revealed that contactless payments have surpassed Chip and PIN contact payments for the first time ever among its Credit, Debit, Fusion, and Virtual Card users.
The Bank attributes the behavioural shift (from chip contact to contactless) to consumer’s preference and awareness of safer, convenient, and quicker means to pay at a Point-of-Sale.
“This is a remarkable milestone for the financial services industry, and it augurs well for efforts to improve safety and convenience in the payments network,” says Raj Makanjee, Payments Executive at FNB.
“With over 10 million contactless cards in the hands of our customers and 200 000 Virtual Cards activated, we are delighted to see our customers pioneering what we believe to be the future of payments globally. It goes without saying that the pandemic has definitely accelerated the growth in contactless payments as consumers and retailers continue to prioritise safe ....

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Over 100 000 FNB Virtual Cards activated in first week

February 3, 2021
FNB Virtual Card
Source: Google Images
FNB’s drive to continue expanding its digital payments ecosystem through the roll out of its industry leading Virtual Card solution has kicked off with positive momentum as over 100 000 customers activate cards in the first week.
The Bank availed its Virtual Card to individual and business customers who use the FNB and/or RMB Private Bank Apps. The rapid adoption of FNB Virtual Cards by customers bodes well for the Bank’s efforts to expand the offering to its more than 10 million contactless cardholders across retail and commercial.
Raj Makanjee, Payments Executive at FNB says, “We are truly humbled by the overwhelming response from our customers. On average we saw over 14 000 customers activating Virtual Cards daily. FNB remains committed to providing a range of unique and innovative solutions that are centred around true customer and business value. Virtual Card forms an important part of our ....

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FNB Launches Virtual Card Service - IT News Africa - Up to date technology news, IT news, Digital news, Telecom news, Mobile news, Gadgets news, Analysis and Reports

FNB has launched its virtual card service to all individual and business customers. The Virtual Card is accessible via the FNB App and the RMB Private Banking apps. With this service, customers no longer need to rely on a physical card at merchants that have Tap-to-Pay functionality as they can either use an Android smart […] ....

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