South Africa: FNB and Visa renew strategic partnership
- FNB and Visa have renewed their partnership, reinforcing a relationship that has helped South Africans and customers across Africa pay and get paid more easily for over 55 years.
- FNB led the rollout of digital wallets including Fitbit Pay, Garmin Pay, and Apple Pay, mainstreaming contactless payments in South Africa.
- In 2022, FNB became the first bank in South Africa to launch peer-to-peer domestic instant payments via Visa Direct, achieving over a million transactions in its first year.
The renewal of the FNB and Visa partnership is a significant step towards enhancing digital payment solutions in Africa. As the financial landscape continues to evolve, such collaborations are essential for fostering innovation and ensuring that financial services are accessible to all. Further discussions could explore how these advancements can be leveraged to support underserved communities and drive economic growth.
