Available through the FNB and RMB Private Banking apps, Globba™ uses Mastercard Move, Mastercard’s portfolio of global money movement capabilities, to deliver fast, transparent and traceable international payments to more than 120 countries.

The firm said that cross-border payments and remittances are vital for economic resilience across Africa, enabling customers to stay connected. Globba™ strengthens remittance corridors such as Zimbabwe, Malawi, Mozambique and Ghana, fostering financial connectivity across borders while also providing almost instant connectivity to a range of countries around the world covering different end points including bank accounts, mobile wallets and cash pick-up locations.

“Globba™ represents a powerful platform for inclusion, speed and transparency. Our customers are pan-African and globally connected – they value efficiency, security and innovation. Globba™ delivers on all fronts, enabling seamless cross-border payments that empower lives and families,” Lytania Johnson, CEO, FNB personal segment, said. “It’s more than a service; it’s a statement of intent, setting the pace for the future of financial connectivity across Africa and beyond."

“Cross-border payments are the cornerstone of Africa’s digital economy, connecting families, fuelling SMEs and supporting regional trade,” Onur Kursun, executive vice president, commercial and payment flows EEMEA at Mastercard, added. “With Mastercard Move’s innovative solutions, we’re empowering FNB customers with greater choice and flexibility in how they send money – locally and across borders. This enhances transparency and builds confidence in cross-border transactions, ensuring South Africans can fully and securely participate in the digital economy.”

Mastercard Move provides direct disbursers, banks, non-bank financial institutions and their customers with fast, secure money transfer solutions, both domestically and internationally. The portfolio of solutions reaches more than 200 countries and territories and 150+ currencies, with access to more than 95 per cent of the world’s banked population.

Globba™ reflects both organisations’ commitment to advancing next-generation payment solutions that make cross-border transactions as seamless as local ones, at affordable pricing. With the launch of Globba™ in South Africa, FNB and Mastercard intend to continue collaborating to expand the service offering across FNB’s network across Africa, subject to regulatory approvals.

The launch coincides with South Africa’s upcoming G20 Finance Track in November, where the modernisation of cross-border payments will be discussed. By combining FNB’s trusted customer relationships with Mastercard’s global reach and technology, Globba™ is setting a benchmark for cross-border innovation, accelerating financial inclusion and connecting South Africans to the global digital economy. See more here about FNB, the importance of offshore banking, the growing private wealth in Guernsey and the island's increasing link with South Africa.

Photo 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, commercial and new payment flows, EEMEA at Mastercard; and Gabriel Swanepoel, country manager, Southern Africa at Mastercard.