Cellphone banking users continue trend
In December record transactions numbers were recorded, and these records have been rewritten again in March, the company says.
For the period March 2005 to March 2006 the total value of transactions conducted exceeded R1,6bn. In December 2005 over 2,68m transactions were performed.
The value of the financial transactions performed exceeded R221m.
“What this tells us is that cellphone banking is being recognised as a convenience tool.
"In December many South Africans were on holiday, and obviously took advantage of the fact that they could do cellphone banking wherever they happened to be: in the country, on a beach, in a bus,” says Christo Vrey, GM: Digital Channels at Absa.
“We are closely monitoring these figures during the April holiday period and are expecting to see significant increases again.”
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