FNB taps instant messaging for mobile money transfers

First National Bank has registered a patent in South Africa for using instant messaging within a smartphone app to transfer money, according to local press reports.

  2 Be the first to comment

FNB taps instant messaging for mobile money transfers

Editorial

This content has been selected, created and edited by the Finextra editorial team based upon its relevance and interest to our community.

FNB Connect head Farren Rope told MyBroadband that once they have registered, users can send money between FNB eWallet accounts to contacts as instant messages.

Roper says that the combination of instant messaging and mobile banking is unique and patentable, while the bank's CEO Michael Jordann has taken to Twitter to claim that the innovation could be "huge".

Sponsored [New Impact Study] Exploring the Rise of Originate-to-Distribute (OTD) Models

Comments: (0)

Entering the Originate-To-Distribute era: Exploring commercial lending and portfolio diversificationFinextra Promoted[On-Demand Webinar] Entering the Originate-To-Distribute era: Exploring commercial lending and portfolio diversification