If you’re a South African FNB online banking customer then you probably already know this, if not you can read more about it here on FNB’s Website. This is particularly cool for people who want to sell goods and services overseas.
Obviously there is is a lot of “legal red tape” and hoops you’ll need to jump through, in particular with SARS (South Africa Revenue Service) and the South Africa Reserve Bank, but who cares SA has now finally got PayPal.
Now to come up with some new cool service that I can receive millions of dollars for. I wonder how many people are going to switch to FNB because of this service?