Big FNB payment changes are here

[Shaun Jacobs]

Big FNB payment changes are here

FNB is the first South African bank to partner with BankservAfrica to enable real-time cross-border payments within the Common Monetary Area.

 

[UB40]

Why do we need this? The majority of the cross border payments are done by Capitec users

 

[saor]

One of the standout benefits of the TCIB system is the speed of transactions and the lack of restrictions on time of use. Payments can now be processed in near real-time, even outside traditional banking hours, including evenings, weekends and public holidays.

So wait - we can send instant cross-border payments but EFT to another bank and you're sitting around for hours like a dumdum waiting for a payment to process.

 

[airborne]

So wait - we can send instant cross-border payments but EFT to another bank and you're sitting around for hours like a dumdum waiting for a payment to process.

I think that you have to pay quite a bit in fees for the cross-border payments, maybe it’s all factored in?

 

[hellfire]

So wait - we can send instant cross-border payments but EFT to another bank and you're sitting around for hours like a dumdum waiting for a payment to process.

payshap. instant EFT both exist

 

[WollieVerstege]

Using a Hilux is simple and faster