FNB customers spent R3 billion on Black Friday
Loading player...
Ashley Saffy, Head of Business Development at FNB Card.
Banking group FNB says that its customers spent a record R3 billion on Black Friday 2022 – with most shoppers heading out to physical stores to grab deals.
The bank said that this is the highest Black Friday spending it has tracked over the past four years.
Over R2.4 billion was spent in-store, while R670 million was for online shopping, the bank said. The value of online (card-not-present) spend increased by 31% compared to the same period last year, while in-store spend increased by 18%.
It also noted a swell in virtual cards being used in shopping, accounting for over R137 million in purchases compared to just R36 million during 2021 Black Friday.
Contactless payments increased by 36% compared to last year’s Black Friday.
Banking group FNB says that its customers spent a record R3 billion on Black Friday 2022 – with most shoppers heading out to physical stores to grab deals.
The bank said that this is the highest Black Friday spending it has tracked over the past four years.
Over R2.4 billion was spent in-store, while R670 million was for online shopping, the bank said. The value of online (card-not-present) spend increased by 31% compared to the same period last year, while in-store spend increased by 18%.
It also noted a swell in virtual cards being used in shopping, accounting for over R137 million in purchases compared to just R36 million during 2021 Black Friday.
Contactless payments increased by 36% compared to last year’s Black Friday.
