South Africa’s First National Bank (FNB) customers can now invest and trade in shares on the Johannesburg Stock Exchange (JSE) using the bank's app on any smartphone or tablet device.
FNB has over 600,000 active customers on its banking app to date.
And the South African bank has made an announcement on Tuesday that FNB Share Investing customers are now be able to buy, sell and keep track of their investments via the latest version of the bank's app.
The FNB Share Investing products include share saver which allows regular monthly investments in the top 100 JSE listed shares; share builder, which allows customers to choose from a basket of 24 pre-selected blue-chip shares, including Krugerrands; and share investor, which allows customers to invest in the full range of JSE listed shares and Krugerrands.
Giuseppe Virgillito, head of banking app, FNB Mobile and Connect said, “Existing customers of both the banking app and Share Investing are very similar and it makes sense to develop the new version of the banking app to include the share investing functionality that is not only easy to use, but also fun to play with.”
"The fast paced nature of share trading means that there is a clear need for anytime access to this platform and we believe that the mobility and real-time access of apps compliments this,” said Virgillito.
The bank has said customers using the latest version of the app on their devices have the ability to open new Share Investing accounts.
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