FNB on Apple Play
(FNB)
  • First National Bank announced integration with Apple pay on Tuesday.
  • FNB clients – who have watched those at other banks use the system for the last four months – were tangibly relieved.
  • So was FNB itself, celebrating "finally" catching up.
  • For more stories go to www.BusinessInsider.co.za.

Clients of First National Bank can now use Apple Pay.

The bank announced the integration on Tuesday, with a small competition for the first adopters and a tied promotion on Apple hardware sales via its own store.

Bank customers were tangibly relieved – after a four-month wait. Absa, Discovery Bank, and Nedbank all went live on Apple Pay in late March, while all the technology-focussed First National Bank would say on it was "working with Apple" to get aboard.

Users can pay with an iPhone or Apple Watch at point-of-sale terminals that accept tap-to-pay cards, using the same near-field communication (NFC) system built into those cards. But first a bank account must be associated with the Apple profile, and the bank behind that account must verify the account. 

See also | Apple Pay quietly went live on at least three SA banks – but there is a notable exception

Belgian bank ING also joined the system on Tuesday.

FNB itself showed some relief at being part of the Apple Pay ecosystem, tweeting that it had "finally" launched – before moving to more neutral language with no mention of the delay of a third of a year.

Apple Pay will work with all but its business-account credit cards, FNB said. That includes virtual cards, which can be created specifically for use with Apple Pay.

Up to 12 cards can be linked to an iPhone or Apple Watch, and the same card can be used on multiple devices. The cards will remain valid for use on Apple Pay for up to three years after their physical versions expire.

FNB says it has more than a million users of the Apple iOS version of its smartphone app.

See FNB's short Apple Pay launch video here:

(Compiled by Phillip de Wet)

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