First National Bank – FNB Zambia has launched Tap to Pay-enabled Contactless Debit Cards onto the Zambian market in line with its digitization journey.
In a statement made available to the Zambian Business Times – ZBT, the new payment solution will make all purchases made via a Tap to Pay-enabled Point-of-Sale (POS) simpler and safer for its customers.
FNB Zambia Chief Executive Officer – CEO, Bydon Longwe stated that they are ecstatic to announce this development as it will help empower customers with a safer way to make card payments.
“We are absolutely thrilled to announce the rollout of FNB Contactless debit cards which we believe will contribute to an improved payments experience for all FNB cardholders. With our over 3,100 POS machines (approximately 15% of the national total), these Tap to Pay-enabled Contactless cards will empower customers with a more convenient and safer way to make card payments at checkout”, he said.
Furthermore he said the cards allow for customers to buy good and service without the card ever leaving their pocket.
“Contactless cards allow users to simply tap against any enabled Point of Sale – POS machine to buy goods and services, without the card ever leaving their hand. The result of this is added convenience, safety and security which is particularly important during this COVID-19 period. This innovative technology will also help to protect our customers against card-related fraud such as skimming, as they no longer have to insert their card into the point of sale device”, he said.
According to data from the Bank of Zambia, an average of 2.7 million card transactions were made per month at POS machines in the period January – June 2020. FNB aims to minimize the reliance on cash with the launch of its Tap to Pay-enabled Contactless cards, by ensuring that customers have access to safe and cost-effective payment options that accommodate their day to day needs.
