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FNB customers can now use their Virtual Cards for contactless ‘Tap to Pay’ transactions in all FNB Pay enabled digital wallets such as FNB’s Tap to Pay & Scan to Pay, Apple Pay, Samsung Pay, Fitbit Pay and Garmin Pay. Recently, the Bank revealed that its Retail and Commercial customers have activated approximately half-a-million Virtual Cards with spend exceeding R1 billion since January this year.
FNB Card Chief Executive, Chris Labuschagne says, "Our approach is to support our individual and business customers with a wider choice of contextual payments solutions via our digital platform. As a result, we’re immensely delighted to see the growing usage of our safer and convenient payment methods for online and point-of-sale payments. In recent months, Virtual Cards have become some of the preferred payment instruments by customers, and this augurs well for the future of payments."
Jason Viljoen, FNB Head of Digital Payments says, "The expansion of our FNB Pay enabled suite of digital wallets for contactless transactions is crucial to helping customers minimise their reliance on cash and having their physical card on hand. Our Virtual Card support for such transactions means that customers get improved convenience and safety when they choose to use any of the FNB Pay enabled digital wallets. This is an important step in our journey to accelerate digital payments innovation to help individuals and businesses better manage their money."
FNB and RMB Private Bank customers can order and safely store multiple Virtual Cards on their Banking App. The Virtual Card comes with a dynamic CVV number that changes regularly to minimise the risk of fraud. In addition to the afore mentioned Contactless payment features, customers can use their Virtual Cards for eCommerce purchases, streaming services, subscription payments and QR payments via Scan to Pay on the FNB App.
"FNB remains committed to providing a range of unique and innovative solutions that are centred around customer needs. Our Virtual Card forms an important part of our journey in making the customer’s payment experience as convenient, safe and secure as possible," concludes Labuschagne.
Issued by FNB