By: Ashley Lechman – Business Report

One of the country’s largest and popular bank’s, FNB, has announced that customers will now be able to earn eBucks at SPAR retailers.

The bank said that from February, FNB Private clients, Private Wealth and RMB Private Bank clients will earn up to 15% back in eBucks when they shop in-store at SPAR, SUPERSPAR, KWIKSPAR and TOPS using their qualifying FNB or RMB Private Bank virtual cards.

Sizwe Nxedlana, FNB Private Segment CEO, said, “The eBucks programme is central to the integrated value that we offer to our clients across FNB and RMB Private Bank. Through like-minded collaborations with partners such as SPAR, we are significantly scaling our unique ability to enable our clients to manage both their financial and lifestyle facets by using the power of our integrated platform. Our expanded lifestyle partner ecosystem makes it easier and convenient for our clients to stretch their wallets, especially during these challenging economic times.”

The SPAR Group’s Omnichannel Executive, Blake Raubenheimer, said, “As a leading retailer, SPAR is a business founded on strong relationships and an entrepreneurial spirit. With over 2500 SPAR stores nationwide, we remain committed to offering our customers value for money items, and as part of our business practice we continue to adapt to the evolving economic landscape to cater for this need. In addition, our SPAR Rewards card provides access to monthly deals and promotions across a range of essential products to help customers with cost-savings within their budgets. As a result, we're pleased to provide customers with more ways to earn their rewards through our collaboration with eBucks.”

“South Africans are feeling the economic strain and within our affluent customer segments, we continue to see the real impact of eBucks in catering to the needs of our clients and enabling them to stretch their rands even further. Our challenging economy, coupled with the increased cost of living, informed our decision to expand the catalogue of eBucks rewards’ grocery partners and benefits. Our reward programme has been designed to be an integral part of our clients’ monthly budgets as they supplement their household expenses,” Zamabomvu Ngubane, FNB eBucks Rewards Head said.

Customers are encouraged to opt-in for earning eBucks at SPAR on their FNB or RMB Private Bank Apps, and to use their Virtual Cards as a way to transact conveniently and safely to earn the maximum rewards.

“One of the key security features of the FNB and RMB Private Bank Virtual Card is its innovative dynamic CVV (Card Verification Value). The dynamic CVV number is one of the most unique features of the virtual card, as it changes frequently to provide clients with better protection,” the bank said in a statement.

The eBucks rewards programme and SPAR grocery partner earn rules include:

“We are excited to partner with SPAR and encourage our clients to continue using their FNB or RMB Private Bank digital channels and virtual cards to maximise their rewards and for a safe and convenient shopping experience even at other eBucks retail lifestyle partners – Clicks, iStore, Superbalist, Old Khaki, Poetry, Takealot, Le Creuset, Yuppiechef, ARC, HP store, Netflorist and many more,” Ngubane further added.

BUSINESS REPORT

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