FNB introduces geopayment
FNB has become the first financial institution to introduce a geopayment service in Namibia.
Geopayment is another first for Namibia where customers can split a bill at a restaurant and pull payment to one card, thereby making sharing of the restaurant bill or buying of gifts easier.
Focusing on person-to-person transactions, Geo Pay is a service that utilises cellular triangulation, wireless networking or global positioning systems. There is no need to exchange banking details with anybody, as the service authenticates by means of the application's existing programming interface. Using Geo Pay, you can make payments from as little as N$1, with the limit set at the user's daily transaction limit, up to N$35 000.
“You will find this function on the FNB App under 'Geopayments'. Two app users should select geopayments and pair their phones together. After pairing, you can make a transfer from one account to another with no need for setting up conventional payment with all the banking details,” said FNB Namibia's Desery van Wyk, manager of digital channels.
“We are proud of yet another addition to our vast range of products and services as this allows our customers to make payments to anybody in their vicinity. An added feature to the bank's mobile app, Geo Pay allows FNB customers to transact with even greater ease and convenience. It allows you to find and pay other FNB app users within a 500-metre radius without having to add their bank account details.”
STAFF REPORTER
Geopayment is another first for Namibia where customers can split a bill at a restaurant and pull payment to one card, thereby making sharing of the restaurant bill or buying of gifts easier.
Focusing on person-to-person transactions, Geo Pay is a service that utilises cellular triangulation, wireless networking or global positioning systems. There is no need to exchange banking details with anybody, as the service authenticates by means of the application's existing programming interface. Using Geo Pay, you can make payments from as little as N$1, with the limit set at the user's daily transaction limit, up to N$35 000.
“You will find this function on the FNB App under 'Geopayments'. Two app users should select geopayments and pair their phones together. After pairing, you can make a transfer from one account to another with no need for setting up conventional payment with all the banking details,” said FNB Namibia's Desery van Wyk, manager of digital channels.
“We are proud of yet another addition to our vast range of products and services as this allows our customers to make payments to anybody in their vicinity. An added feature to the bank's mobile app, Geo Pay allows FNB customers to transact with even greater ease and convenience. It allows you to find and pay other FNB app users within a 500-metre radius without having to add their bank account details.”
STAFF REPORTER
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