Article
First National Bank (FNB) is strengthening its competitive position on the African continent with the launch of its cellphone-banking offering in Namibia, which is set to herald a new era in the country’s electronic banking system. Namibia is the second country outside South Africa to launch FNB’s innovative and cost-effective cellphone banking channel, with Botswana posting impressive subscriber and usage figures since its launch of the service in November last year. FNB Namibia will have the second mover advantage in the country’s cellphone banking market, allowing it to capitalise on the market awareness that was created since the launch of the first cellphone banking offering in December 2006.