Pandemic or not, FNB reports increase in Black Friday volumes

By 10am today, FNB’s reports that their systems were processing a record 3000 transactions per second, and by lunch time, in excess of 63 million transactions were processed through the Bank’s systems.

These volumes have already increased by 18% compared to last year.

FNB Chief Executive, Jacques Celliers says that, “The rebound in Black Friday volumes is an indication that customers find themselves in a better position than a year ago.”

CEO of FNB Merchant Services, Thokozani Dlamini says, “As expected, we are already seeing an improvement in activity both physically through brick-and-mortar stores and through eCommerce compared to the previous year. This is due to a sustained recovery in consumer income, relaxed lockdown levels and a more open economy.”

I just have one question to everyone spending money today; Where does it all come from?

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Papi Mabele

Papi Mabele has a marketing background, he is a digital marketing expert with extensive experience in launching and building global brands in the emerging markets. Papi is also an avid tech writer, enthusiast and all round tech junkie. As a freelance writer and analyst he has been numerously published in Popular Mechanics (SA), GQ South Africa, Premier Magazine, Driven Magazine, Bloem News, Courant, The Weekly, Enthooze Magazine and PiE magazine amongst others.