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FNB’s Pay2Cell service is quite handy. Launched in September 2011, the service allows FNB Cellphone Banking customers to make payments directly into other FNB accounts using only the recipient’s cellphone number — no bank account details are necessary. FNB today announced that cross border payments to Swaziland and Lesotho are now possible through the Pay2Cell service.
Ravesh Ramlakan, CEO of FNB Cellphone Banking says that the Pay2Cell service evolved from the need to have a simpler solution to make payments to other African countries. “Traditionally making payments to other African countries has been limited to internet banking for senders or making a deposit or withdrawal through a branch or via an international money transfer company,” says Ramlakan.
“Offering cross border payments from a cellphone allows our customers to send and receive money instantly. In addition to this, the use of only the recipient’s cellphone number makes the payment process extremely simple for our customers,” says Dione Sankar, COO of FNB Cellphone Banking.
In South Africa, Pay2Cell has seen in excess of 400% growth of transaction values since inception.
Interested in trying out Pay2Cell? Registered Cellphone Banking customers can either go to FNB.Mobi or dial *120*321#, select the banking option and opt for Pay2Cell from the list. Thereafter an option to transfer funds from South Africa to Swaziland or Lesotho may be chosen. All that is then required to complete the transaction is the recipient’s cellphone number and the value to be paid. The maximum transaction value is R1 500 per day.