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While South Africans have been embracing virtual cards for some time, the use of this digital payment method has seen a dramatic rise recently.
We are living in a world of disruption. Many businesses have had to come to terms with the enforced change that the Covid-19 Pandemic has introduced. With social distancing being a national battle cry during the Pandemic, many consumers have migrated to online platforms to do their shopping and banking.
As a leader in innovation, FNB continues to invest significantly in creating new platform-based capabilities and solutions to ensure that it stays ahead of changing market dynamics and evolving customer needs.
For the past 10 years, we’ve been hearing about how new-generation mobile apps, wallets, tap-to-pay, NFC solutions and even the humble QR code are going to spell the end of the magnetic stripe card as a means of payment. And here we are, in 2021, and we’re finally taking big steps towards a brave new world of contactless payments.
The strongest deterrent against FSP compliance missteps is or should be: