A NEW generation of banking service has been ushered in by FNB’s eWallet – a facility that enables the bank’s customers to send money to any South African resident with a cellphone, anywhere in the country, instantly.

Since the eWallet was launched in November last year, the facility has seen a 240percent growth in users and a record transaction rate of more than R1million a day, indicating that it offers greater ease of use and peace of mind over physical methods of cash transfer.

A conference on banking technology begins in Nairobi on Tuesday morning as banks aggressively move into technology to improve their service delivery. Dubbed the Banking and Payment Technologies East Africa, 2009, the conference, organised by Aitec Africa, will bring together banking industry players and technology service providers with the focus on recent innovation in banking and payment systems in the region.