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Absa Bank Botswana launches NovoFX app

patriot by patriot
December 13, 2020
in Business
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Absa Bank Botswana launches NovoFX app

James Nthoi, Absa Head of Markets

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The upgraded mobile app has modern design & aesthetics making it attractive.

As the world rapidly moves into the digital world, Absa Bank Botswana is also poised to meet its customer needs.

27 July 2020, Botswana – Recently, Absa Bank Botswana launched its flagship mobile phone forex exchange buying app called Nov FX. The app simplifies and make it seamless to buy foreign exchange (forex) and make cross border payments from a mobile phone.

“We are constantly innovating to meet the transactional needs of our customers which allows them to bank anywhere, at their own time. Botswana has one of the highest mobile phone penetrations in the world at 150%, which offers Absa the opportunity to continue deploying new products offerings through channels that most of our customer’s use.” said James Nthoi, Head of Markets.

The move to introduce a NovoFX app is also in line with the bank’s goal of making branch visits for essential customer needs and not for everyday banking.

The app is available and can be downloaded from both Android and IOS phones through Google or Apple store for free. As this is a transactional app, NovoFX is accessible to existing Absa customers that have cheque or savings account and should be registered for internet banking.

“Being registered for internet banking is a pre-requisite as a customer has to use their credentials for NovoFX” added Nthoi. There are fees associated with using the NovoFX app and these are foreign exchange commissions and swift charges inclusive of VAT as outlined in Absa Bank Botswana Tariff Guide.

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  • We must ‘walk the talk’ July 4, 2022
    We can only save ourselves and our planet by confronting climate change BY COLLEN VIXEN KELAPILE Climate change has become the enemy of human progress and a threat to humanity’s survival. We see its devastating consequences daily. No country is […]
  • Makwinja caught in Minergy saga   June 30, 2022
    Her husband –Leonard, is a Board Member at Minergy Coal ‘She is conflicted, hence she is failing to resolve our disputes with the company’ – Farmers ‘It’s an attempt to score cheap political points’ –Makwinja Minergy Coal proposes a […]
  • CA Sales lists on the JSEJune 29, 2022
    african-markets.com The JSE, Africa’s largest stock exchange, has listed CA Sales Holdings Limited on its main board providing South African investors with exposure in the fast-moving consumer goods (FMCG) company with a footprint in several Southern African countries. CA […]
  • BBS launches insurance agencyJune 28, 2022
    BBS Limited is pleased to inform its current and potential customers as well as stakeholders that it has launched an insurance agency called BBS Insurance Agency Limited; whose purpose is to provide insurance agency services and bespoke insurance products […]
  • MANTSWE JOINS TURNSTAR BOARDJune 28, 2022
    Turnstar Holdings Ltd, is pleased to announce the appointment of Mr Solomon Seoketsi Mantswe, to the Board of Directors, with effect from 1st July 2022. He brings over 30 years’ experience in the public service. He was appointed Deputy […]
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