With the economy in dire straits South Africans have had to become incredibly frugal.
Case in point, FNB has revealed that its customers spent over R451 million in eBucks during the lockdown.
While we’ve heard of folks using eBucks to buy things like TVs and consoles, during lockdown eBucks were being used to purchase essential items.
“We’ve seen how eBucks members are using their rewards to buy essentials. Since the start of the national lockdown towards the end of March, members have spent over R451 million worth of eBucks on things like fuel, groceries, airtime and data and other day-to-day necessities, helping them stretch their monthly budgets even further,” explained chief executive officer at eBucks Rewards, Johan Moolman.
Back in June, FNB announced changes to how customers earned eBucks. This included adding Spotify and Netflix as ways for customers to earn rewards.
FNB also launched tools so that customers are able to track their rewards and earn more eBucks.
“At FNB, our philosophy has always been to find ways to help our customers. Through our eBucks Rewards programme, we are delivering on that promise by helping customers to support their cost of living expenses, rewarding members for good money management, and creating valuable opportunities to save and grow their money by supplementing their financial spend with rewards,” said Moolman.
The bank also reduced monthly account fees for its Gold Fusion account in June.