FNB and Mastercard Launch Globba™ to Revolutionize Cross-Border Payments in Africa
Globba™ strengthens key remittance corridors such as Zimbabwe, Malawi, Mozambique and Ghana, fostering financial connectivity across borders while also providing near instant connectivity to a wide range of countries around the world covering different end points including bank accounts, mobile wallets and cash pick-up locations.
FNB, in collaboration with Mastercard, announced the launch of Globba™, a next-generation cross-border payments solution powered by Mastercard Move that simplifies and secures how South Africans send money abroad. Available through the FNB and RMB Private Banking apps, Globba™ leverages Mastercard Move, Mastercard’s portfolio of global money movement capabilities, to deliver fast, transparent and traceable international payments to more than 120* countries.
Cross-border payments and remittances remain vital for economic resilience across Africa, enabling customers to stay connected. Globba™ strengthens key remittance corridors such as Zimbabwe, Malawi, Mozambique and Ghana, fostering financial connectivity across borders while also providing near instant connectivity to a wide 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. 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.”
– Lytania Johnson, CEO, FNB Personal Segment
“Cross-border payments are the cornerstone of Africa’s digital economy, connecting families, fuelling SMEs and supporting regional trade. 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.”
– Onur Kursun, Executive Vice President, Commercial and New Payment Flows EEMEA, Mastercard
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% of the world’s banked population.
Globba™ reflects both organizations’ commitment to advancing next-generation payment solutions that make cross-border transactions as seamless as local ones, at affordable pricing. With the successful 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 a key focus. By combining FNB’s trusted customer relationships with Mastercard’s global reach and technology, Globba™ sets a new benchmark for cross-border innovation, accelerating financial inclusion and connecting South Africans to the global digital economy.
