First National Bank is one of South Africa’s “big four” banks. It is a division of First Rand Limited, a large financial services conglomerate, which trades on the Johannesburg Securities Exchange. Established in 1838, this giant banking institution has become a pioneer of note introducing various products and services designed to service a diverse clientele.The eWallet Pro International is a perfect example of this innovation.
eWallet Pro International is an instant, easy and affordable money transfer service that allows you to pay or send money to employees’ or any recipients’ cellphone numbers and/or prepaid cards. You can send money to anyone, even if they do not have a bank account.
Some of the features of this product include the fact that recipients don’t need a bank account, its instant, safe, convenient, you can withdraw all or some of the funds on the card at any ATM Internationally, you can check the balance or get a mini statement, you can purchase goods at any store that accepts Visa cards worldwide and funds are loaded in South Africa in rands and can be used anywhere in the world.
The benefits to business owners include minimal cash handling, reduction in cash on premises, no lost, stolen or fraudulent cheques, no monthly fees, you reduce costs incurred from cash + cheque payments and the associated security and administration, instant payments and ease of administration, individual or bulk payments, Instant recipient set-up, payment and maintenance, it allows for a file import to make payments, no more returned EFTs and custom branding of eWallet Pro cards in your corporate identity.
Benefits to recipients are no monthly fee for recipients, no initial transaction fees, free ATM withdrawals if sponsored, it’s convenient, cash is available immediately, no waiting for cheques to clear because funds can be withdrawn immediately, you can purchase airtime from cellphone or ATM using eWallet funds and you can immediately send money to friends and family.
This is truly an innovative product worth having.
