Here's an interesting article i found from mybroadband.co.za;
South African banking giant First National Bank (FNB) has registered a patent in South Africa for using instant messaging within a smartphone application to transfer money. Users of the FNB app can transfer money to a contact as an instant message in the same way they would send a photo file. The funds are in fact sent from and received by an FNB eWallet, a service which is open to non-FNB customers and linked to a mobile phone number. People who are not FNB customers can only load money into their eWallet at an FNB ATM that supports automated deposits, but they must first register at an FNB EasyPlan branch. Read the article here
Future Bank Africa would like to welcome Yolande Van Wyk, CEO of the e-Wallet at FNB. This has been one of the most successful programmes ever and has had many banks from all over talking. If you want to know how to successfully replace cash with mobile payments, you definitely don't want to miss this discussion. Join Yolande at the Future Bank conference on the 18th of March 2014 to hear about how you can transform your payments system.
Visit the website for more information on how you can attend this session and others like this