Fexco and FNB Expand ATM Currency Choice for International Cardholders Across South Africa
Fexco has announced the successful rollout of Dynamic Currency Conversion (DCC) on ATM services with First National Bank (FNB), one of South Africa’s leading financial institutions.
The deployment marks a significant milestone in the long-standing relationship between the two organisations and strengthens Fexco’s growing presence across Africa.
Bringing Greater Choice and Transparency to International Travellers
The rollout will see DCC introduced across FNB’s ATM network of more than 4,000 machines throughout South Africa. The solution enables international cardholders to view and complete ATM withdrawals in their home currency, providing greater transparency and certainty when accessing cash abroad.
By expanding DCC services across one of the country’s largest ATM networks, Fexco and FNB are helping make cash access simpler, more convenient, and more transparent for international visitors while enhancing the overall customer experience.
Building on a Decade-Long Partnership
The ATM deployment builds on a successful partnership between Fexco and FNB that has spanned nearly ten years in the point-of-sale (POS) space. Extending the relationship into ATM services represents an important next step for both organisations and reflects the growing demand for innovative payment solutions across the African banking sector.
John Mlangeni, CEO Merchant Services at FNB South Africa, said:
“Building on our longstanding relationship with Fexco, this rollout strengthens our ability to support international visitors while leveraging the scale and reach of our payments ecosystem across South Africa.
“Extending Dynamic Currency Conversion across our ATM network gives international cardholders greater visibility of their transactions by allowing them to view and complete withdrawals in their home currency.”
Supporting Fexco’s Growth Across Africa
The deployment further expands Fexco’s network of banking partners in South Africa and contributes to the company’s strategic growth ambitions across the continent. As demand for seamless cross-border payment experiences continues to grow, partnerships such as this demonstrate the value of trusted, innovative solutions that benefit both financial institutions and their customers.
Sean Crowe, CEO of Fexco Financial Services, commented:
“Securing the ATM business with FNB represents a major achievement for Fexco, particularly given our long-standing POS partnership.
“The rollout across over 4,000 ATMs highlights the scale of the opportunity and reinforces our strategic focus on expanding across South Africa and the wider African continent.”
The agreement underscores Fexco’s continued commitment to helping financial institutions deliver convenient, transparent, and value-driven payment experiences for customers around the world.
