FNB now supports Apple Pay, allowing its customers to pay with Apple’s mobile payment system via their smartphone. The announcement was made earlier today by the bank as part of its customer centric digital features and initiatives.
Earlier this year the Apple Pay service launched in Mzansi on Absa, Nedbank, Investec and Discovery Bank.
Five cards under FNB are supported at first, including Premier Fusion, Private Fusion, Private Wealth Credit, Business Debit, and Aspire Debit.
CEO of FNB Card, Chris Labuschagne says, “Apple Pay will further accelerate the adoption of contactless payments for customers and it is available to all FNB customers with compatible Apple devices.”
“Our customers can add their Virtual Card via the FNB App and make a purchase using Apple Pay which provides customers with digital led flexibility and control via the FNB App.”
More like any other market, Mzansi is no stranger to payment systems that don’t involve the exchange of physical money or even the swiping of plastic. That is both a boon and a bane for the fledgling Apple Pay. On the one hand, all the necessary infrastructure, as well as the market mind share, are already in place. On the other hand, Apple is coming late into the game.
The features supported by Apple Pay in SA is on par with those elsewhere. Meaning both in-app purchases and, more importantly, in-store purchases are available, depending on your device. The iPhone 6 and later models support both types of transactions, while Apple Watch only support in-store buys. The lack of an NFC chip on the iPad Pro, iPad Air 2, iPad mini 3 and 4 means that only in-app purchases can be done with Apple Pay. As always, the security of each transaction is guaranteed, especially with Touch ID.
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