Your banking app is fast becoming your wallet, making it more convenient to pay without cash, which is costly and can be unsafe, or bank cards, which are at risk of being skimmed and cloned. Scan-and-pay functionality has been a feature of Nedbank's Money app since July last year, and First National Bank recently introduced it. The functionality enables you, as a user of these banks' apps, to pay any merchant or service provider that displays a Masterpass, Pay@, SnapScan or Zapper QR code. So instead of having to download a multitude of payment apps that enable you to scan and pay, the functionality is built into the FNB and Nedbank banking apps. Only download payment apps from a trusted source, such as Google Play or the App Store on Apple, and keep your phone password protected, so that if it gets stolen, it can't be used as a payment tool. The use of payment apps linked to QR codes has become common across SA, according to Capitec. Mastering the payment pass The bank carried out ...

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