Absa hits R1 trillion in online banking transactions

Sinbad

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what's that, one thousand billion?
FNB's iPhone app did 2 billion by Feb 2012 and it had only been going for 7 months or so... ;)
 

PsyWulf

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I suspect this is a press release to try take some wind out of FNB App's sails for their transaction milestone,though it's laughable
 

abandonallhope

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what's that, one thousand billion?
FNB's iPhone app did 2 billion by Feb 2012 and it had only been going for 7 months or so... ;)
I don't think you appreciate the magnitude of R1 trillion, unless you were just giving us some arbitrary fact.

In your FNB case that equates to ~R286 000 000 per month

So at that rate it would take FNB's mobile banking app ~3496 months to reach R1 trillion (1 000 000 000 000) which is 291 years... ;)
 

Sinbad

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I don't think you appreciate the magnitude of R1 trillion, unless you were just giving us some arbitrary fact.

In your FNB case that equates to ~R286 000 000 per month

So at that rate it would take FNB's mobile banking app ~3496 months to reach R1 trillion (1 000 000 000 000) which is 291 years... ;)

FNB's app has done more than 0.2% of absa's entire online banking volume, in 7 months. I think it's pretty significant considering absa's online banking will be used by big corporates doing huge payments, whereas the FNB phone app probably wouldn't be ... ;)

I can also tell you that a system I am responsible for did a trillion in payments within a month.
 

grim

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FNB's app has done more than 0.2% of absa's entire online banking volume, in 7 months. I think it's pretty significant considering absa's online banking will be used by big corporates doing huge payments, whereas the FNB phone app probably wouldn't be ... ;)

I can also tell you that a system I am responsible for did a trillion in payments within a month.

This figure encompasses both individuals and small businesses that use Absa Online Banking.

Read articles properly people.
 

len13

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[video=youtube;SiMHTK15Pik]http://www.youtube.com/watch?v=SiMHTK15Pik[/video]

Its over 9000!
 

abandonallhope

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I can also tell you that a system I am responsible for did a trillion in payments within a month.
How do you know someone isn't really responsible for some obscure system that exchanges unquantifiable amounts of money every month ?

He will tell you he is.
 

cozinsky

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It was the one transfer I did. Now Absa is bragging about it.
 
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