FNB, Mastercard unite to advance Africa's cross-border payments with launch of Globba

THE launch of Globba, a groundbreaking cross-border payments platform powered by Mastercard Move and integrated into FNB and RMB Private Banking apps, has set a new benchmark for digital financial connectivity across Africa.

- SIPHELELE DLUDLA

FROM LEFT TO RIGHT: Richard Porter: FNB Forex, CEO, Sizwe Nxedlana FNB Private, CEO, Nastassia Arendse, Lytania Johnson FNB Personal, CEO, Tim Masela Head: National Payment System Department SARB, Onur Kursun, Executive Vice President (EVP), Commercial and New Payment Flows, EEMEA at Mastercard, and Gabriel Swanepoel, country manager, Southern Africa at Mastercard.

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The collaboration between FNB and Mastercard aims to simplify, secure, and speed up the way South Africans send money abroad—bridging both local and international economies.

The new solution, unveiled in Johannesburg on Tuesday, supports transfers to more than 120 countries, reaching destinations via bank accounts, mobile wallets, or cash pickup locations.

It forms part of FNB's wider strategy to enhance digital inclusion for under-banked and underserved communities while enabling seamless cross-border financial flows across key corridors like Zimbabwe, Malawi, Mozambique, and Ghana.

Following its successful rollout in South Africa, the partners plan to expand Globba across FNB's African network, subject to regulatory approvals.

Lytania Johnson, CEO, FNB Personal Segment, said Globba represents a powerful platform for inclusion, speed, and transparency.

"Our customers are Pan-African and globally connected they value efficiency, security and innovation," Johnson said.