ETF clients can now use their virtual cards in digital wallets »Stuff
In a press release today, ETFs announced that its customers can now use their virtual cards with participating digital wallets, such as its own tap-to-pay and scan-to-pay features, Apple Pay, Samsung Pay, Fitbit Pay and Garmin Pay.
Since the start of the year, 500,000 virtual cards have been activated and used to spend more than a billion rand collectively. So it seems natural that FNB add the functionality to all forms of digital payments.
Chris Labuschagne, CEO of FNB Card, said: “Our approach is to support our individual and corporate clients with a wider choice of contextual payment solutions via our digital platform.
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The need for virtual cards is growing as we move closer to an always online and always connected world. Virtual cards use a dynamic CVV number which makes them much more secure than physical cards.
Now, customers can create a virtual card to link to the various contactless payment methods available to them. You can even create a virtual card by digital wallet so that in the unlikely event that account details are compromised, your bank balance is safe from big bills.
Not to mention the convenience of not having to carry cash with you or relying on just one physical card, because we all know if it gets lost or stolen it can be a real mission to replace.
Jason Viljoen, Head of Digital Payments at FNB, said: “Expanding our suite of digital wallets compatible with FNB Pay for contactless transactions is critical to helping customers minimize their reliance on cash and have their physical card. at hand.