Yet more positve news about the prepaid market in South Africa; this time regarding eWallets.
First National Bank’s eWallet has seen a 133% jump in growth for the month of December 2011, processing over R140 million in money transfer transactions as compared to R60 million in December 2010.
“Every festive season since its launch, eWallet has continued to show remarkable growth,” says Yolande van Wyk, CEO of FNB eWallet Solutions. “Average daily transaction values have also increased to approximately double the figures we saw a year ago.”
My favourite quote in the piece is from van Wyk, “We strongly believe that in order to experience further growth for eWallet it is important to look past just servicing the unbanked.”