FNB’s eWallet – One step closer to eMark of the Beast

 width=What is FNB’s eWallet?

Well when I first heard about it on TV I nearly had a small heart attack.  If eWallet catches on which it will, because I believe First National Bank is the UN’s New World Order bank of choice for South Africa, then it will be quite a big step towards moving South Africa towards a cashless society. Your SIM Card becomes your bank account. Your cellphone will become the device to do all your banking and purchases.


eWallet allows FNB customers to send money to anyone with a valid SA cell number. The money is transferred instantly and can be used to buy prepaid airtime, send money to another cellphone and more…

  • You can Send Money to friends and family members or make a payment to anyone simply and hassle-free;
  • Money can be sent to anyone who has a valid South African cellphone number and the recipient does not need to have a bank account;
  • Any GSM cellphone model can be used to Send Money or to receive money;
  • Money is instantly available in the eWallet;
  • Money will be stored in an eWallet. Recipients will be able access the money immediately at an FNB ATM without needing a bank card and without filling in any forms;
  • Recipients will get all of the money sent as there are no ATM charges to withdraw money;
  • Recipients don’t have to withdraw all the money at once;
  • Recipients can also check the balance, get a mini statement, buy prepaid airtime, send money on to someone else’s Cellphone or buy goods online using Cell Pay Point
  • You can Send Money at any time of the day or night via Cellphone Banking, FNB Online Banking or at an FNB ATM.

A recipient of money can:

  • Send a portion of the money in the eWallet to another eWallet in exactly the same way;
  • Withdraw all or some of the money from the eWallet at an FNB ATM without needing a bank card. The rest of the money can be withdrawn at a later stage;
  • Buy prepaid airtime from the eWallet;
  • Check the eWallet account balance or get a mini statement;
  • Pay for goods and services online from the eWallet using Cell Pay Point;



Cashless Society: Mobile Phones Could Replace Cash and Credit Cards

Credit cards may soon be as outdated as vinyl records. (Remember those?) And this is the year that the slow, steady march to oblivion begins.

You can already use your iPhone, Droid or BlackBerry to buy a hotdog at the ballgame, buy your Starbucks latté, or give a friend a few bucks by Bumping phones. But by the end of the year you may not even think twice about reaching for your phone to pay at the register instead of fumbling for your credit card.

“Your plastic card hasn’t changed since the age of the vinyl records,” said Michael Abbott, CEO of Isis, a new mobile payment network. “This is the chance to bring payments forward from the plastic age and the vinyl records age to the digital age.”

While companies have been experimenting with contactless mobile payments for years, 2011 is expected to be the year the technology really takes off. That’s because millions of phones capable of making contactless payments are expected to be shipped out in 2011.

As a result, this pay-by-phone market is forecast to make up $22 billion in transactions by 2015, up from “practically none” last year, according to research firm Aite Group.

“Mobile payment is going to get really interesting and is going to see a lot of activity in 2011,” said George Peabody, director of emerging technologies at Mercator Advisory Group. “We’re going to start seeing more and more people leaving their homes without their wallets.”

But that doesn’t mean it’s going to happen overnight, said Jane Cloninger, director at Edgar Dunn & Co., a consulting firm specializing in financial services and payments.

“I definitely believe that the mobile wallet will eventually replace the plastic card — but it’s going to take some time because consumer habits take a long time to change,” she said. “But where before it’s been a lot of discussion, we’re at the point now where you’re going to start seeing momentum toward it and going to see it move beyond the trials and into reality.”

Companies including Visa, MasterCard, Google, Bank of America, Citi and U.S. Bank are all testing contactless mobile payments, and many expect to roll out mobile wallets this year.

“2011 is going to be a very exciting, very dynamic year when it comes to mobile payments because it’s the Wild West again, with all these players positioning in various different ways to redefine the digital payments landscape,” said Michael Upton, senior vice president of online and mobile banking at Bank of America, which expects to launch it own mobile wallet later this year.

Meanwhile, AT&T, T-Mobile and Verizon joined forces with Discover and Barclays in November to form Isis and provide a rival to Visa and MasterCard.

“It’s a glorious competitive battle amongst some of the largest entities in the country,” said Peabody.

The Isis mobile wallet will let consumers store multiple cards, make payments with the wave of their phone, check balances, receive coupons and use rewards points at the point of sale. But it may stretch beyond just the money in your wallet. Abbott sees the potential to include your insurance cards, driver’s licenses, and other information typically found in a wallet.

“Payment is where we’re going to start, but where it goes is wide open to the innovation of other players who want to be involved,” he said.

Beth Robertson, a payments analyst at Javelin Research and Strategy, said that could mean developing ways for consumers to make contactless ATM withdrawals by simply waving a phone in front of an ATM as you would at the point of sale.

But because of just how much your smartphone now holds, it’s quickly becoming your most dangerous device.

“We’re increasingly living our lives on our cell phones…The problem is that we’re not yet used to thinking about our wallet in terms of our phone,” said Ed Goodman of Identity Theft 911. “No matter how good security on any type of mobile banking or payments, there are going to be people who are able to find a way around it — it’s really all about making sure everyone ramps up their awareness.”


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Deborah (Discerning the World)

Deborah Ellish is the author of the above article. Discerning the World is an internet Christian Ministry based in Johannesburg South Africa. Tom Lessing and Deborah Ellish both own Discerning the World. For more information see the About this Website page below the comments section.

12 Responses

  1. dmc says:

    what a scary thought that this should be so close.
    I guess that is what all this stuff is about when the cell phone companies all have applications that allow online banking from a cell phone.

  2. cecil says:

    Why scaring people about the good side of etechnology. I believe Jesus Himself if He was here physicaly would have make use of the advantages the technology brings to advance the kingdom.

  3. cecil

    Yes, your ‘Christ‘ would definitely use a chip to advance his kingdom.

  4. Myfanwy Brown says:

    Deborah!!You are back!! Praise the Lord, I have missed you so much!!

    I agree the technology is just driving us further into the new world system. I doubt Jesus would have wasted His time with mobile phones..

    I was reading something on a technology site where they said that soon the government(s) will be able to listen to you through your microphone on your computer, even when it is switched off! They can also track where you are with your mobile phones (cell)..and other scary stuff. Apparantley, Prince William has a chip in his hand, or arm, so that he can be tracked anywhere.

    Anyhoo..so glad you are back Debs!!

  5. Myfanwy

    Thanks you!! Yes I am back! Took a while cos it was a struggle, but I am back… let’s pray it last long this time 🙂

    I’ve got a good article that must get sent out, but first I just want to clean up the comments.

  6. Micheline says:

    Hi Debs,

    I know this might be a little off topic, but it is cell phone related 🙂

    Most of our children used cell phones these days, which from a mothers point of view is a blessing…I can speak to them when I need to; know where they are; etc.

    However, this wonderful technology also comes with other stuff, as in they are now open to the whole world to “market” its version of God.

    I have a teenager (yes, and a difficult one at that…not “ugly” difficult, thank goodness). She receives regular sms messages that reads like this:

    “Read every sentence very carefully. To get something you never had, you have to do something you never did. When God takes something from your grasp, He’s not punishing you but merely opening your hands to receive something better.

    Concentrate on this sentence. The will of God will never take you where the grace of God will not protect you.

    Something good will happen to you today. Something that you have been waiting to hear.

    Please do not break. Just 27 Words, God our Father, walk through my house take away all my worries and illnesses. Please watch over me and heal my family. In Jesus name, Amen.

    This prayer is so powerfull. Pass this to 12 people, including me. A blessing is coming to you in the form of a new job, a house, health, marriage or financially. Do not break or ask questions. This is a test. Does God come first in your life?

    If so stop what you’re doing and send this to 12 people. If you love God send this to 12 people like I did and watch what will happen in 30 seconds.”

    A little background info: We’re in a situation where she desperately wants a car, an old car, not a second hand more modern one. We have been fighting this “war” for about a year now. We believe an economical, trustworthy vehicle will be best for a student without an income.

    The senario: She gets these messages and applies it to her situation, forwards it to us….and is now waiting for her “wants” from God, via us ofcause.

    What would your take on these type of messages be?

  7. Micheline

    Gosh, this is just like those chain emails one would receive when you are at work. Do this, pass it onto 30 people and something great will happen in 7 days, don’t and you will lose both your arms and legs to a lion.

    But these sms’ are worse, they land in the hands of children, where as the above chain emails mostly went to adults at work. These sms’ are also very dangerous in the fact that you are not praying to God when you repeat this ‘prayer’ but you are praying to Satan. In the olden days, chain emails ended with, ‘send this email off to 7 people in 7 seconds and you will win the lotto, if you don’t you won’t win anything ever again’ now-a-days these chain messages play on your ‘love for God’ – they take you spiritually hostage and give you no ultimatum, do this and you love God, don’t do this and you DON’T love God.

    A child who has any form of Christian upbringing in their life loves God, and will be trapped into Satan’s web if lies and will pray this occult prayer.

    As a parent I would explain to my child that this message is not a Christian message, because

    1) as a child of God, Jesus automatically protects you
    2) as a child of God, God will make sure you have what you NEED all the time – He knows how many hairs you have on your head and He looks after each and every single sparrow’s well being.
    3) as a child of God we are not to demand material things, or anything for that matter from God, who do we think we are? We can ask yes, but it does not mean we will get it. There is however someone who loves to give us material things to ‘trap’ us and that is Satan… let’s look at when Jesus went to the desert:

    Matthew 4:1-11
    1. Then was Jesus led up of the Spirit into the wilderness to be tempted of the devil.
    2. And when he had fasted forty days and forty nights, he was afterward an hungred.
    3. And when the tempter came to him, he said, If thou be the Son of God, command that these stones be made bread.
    4. But he answered and said, It is written, Man shall not live by bread alone, but by every word that proceedeth out of the mouth of God.
    5. Then the devil taketh him up into the holy city, and setteth him on a pinnacle of the temple,
    6. And saith unto him, If thou be the Son of God, cast thyself down: for it is written, He shall give his angels charge concerning thee: and in their hands they shall bear thee up, lest at any time thou dash thy foot against a stone.
    7. Jesus said unto him, It is written again, Thou shalt not tempt the Lord thy God.
    8. Again, the devil taketh him up into an exceeding high mountain, and sheweth him all the kingdoms of the world, and the glory of them;
    9. And saith unto him, All these things will I give thee, if thou wilt fall down and worship me.
    10. Then saith Jesus unto him, Get thee hence, Satan: for it is written, Thou shalt worship the Lord thy God, and him only shalt thou serve.
    11. Then the devil leaveth him, and, behold, angels came and ministered unto him.

    >> This prayer is so powerfull

    This sms’ says that this ‘prayer’ is very powerful, in other words, it’s a SPELL, an incantation. Who is powerful alone but Jesus Christ. The words we say to God are not powerful.

    This is a test all right, from Satan to see who is ‘unlearned’ enough to fall for his trap.

    Your daughter has opened herself up to Satan by unbeknowning to her, praying an occult prayer to him. She needs to go to Jesus Christ and ask for forgiveness for this and tell Jesus directly that she loves him, not through some silly sms which is a lie.

  8. Micheline says:

    Debs, thank you soooo much for this. I knew I shouldn’t just let it be.

    P.S I just love this:
    “Do this, pass it onto 30 people and something great will happen in 7 days, don’t and you will lose both your arms and legs to a lion.” Hahaha

  9. Redeemed says:

    Another reason how important it is to teach children, without getting them paranoid, that there are many traps of the enemy out there. Any many of them come through advances in electronics. And many of them come through Facebook because of all the “friends”. All my children are grown, but if I was a parent of a teen now I would not allow them to be on Facebook. Do the research and see for yourself. Anything the “herd” is doing, better check it out –

  10. Oh yes, Micheline, facebook… is not a nice tool. I have been meaning to do an article on it – I will get there.

  11. Micheline says:

    Redeemed, so true. Funny how things start up, oh so innocent and as time goes by it explodes into something sinister. I used to use Facebook in the beginning to keep in contact with family living in other countries…much cheaper than a phone call.

    Then Facebook started to evolve. Now the youngster push that “like” button for the most horrible/satanic things. I asked about this and the answer was, “But it is so cool”, yet they don’t actually know what they “liked”. And this is where the “herding” comes in as you mentioned. Satan is “herding” Gods’ people and before we know it he will have his own army.

    This is scary stuff!!!!

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