“Over the years, we have seen eWallet become part of the South African vocabulary. Many citizens see it as a convenient and cost-effective way to send or receive money. This is one of the reasons we continue to grow the number of withdrawal points to enable broader financial inclusion through easy access,” says Sandi Madikiza, CEO of FNB eWallet Solutions.
“Instead of taking a taxi or driving to the nearest ATM, which may be in a shopping mall or the nearest City, users can now walk to, and withdraw from, their community retailer which has a Slimline. While this makes it convenient for eWallet users, it could equally boost business for the retailer. In addition to this, we are also in the process of adding at least 600 new withdrawal points through partnerships with major retail chains across the country,” he concludes.