South African Bank Enables P2P “Geo-Payments” That Don’t Require Account Data

By  |  May 10, 2012
 | 

Customers at First National Bank in South Africa can use their FNB mobile app to transfer money to nearby people without inputting the money recipient’s bank account information, Finextra reports.

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    Non-FNB customers can download FNB’s app and receive money through the GeoPayments feature, the report says, although they cannot send money.

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