Stanbic to launch mobile banking app

Stanbic to launch mobile banking app
Published: 12 July 2016
Standard Bank Africa has announced plans to launch a new banking application in ten countries including at its local subsidiary Stanbic Zimbabwe, before the end of this year.

Stanbic Bank Zimbabwe is a wholly owned subsidiary of Standard Bank Investment Corporation (SBIC), which in turn is owned by Standard Bank Africa and is listed on the Johannesburg Security Exchanges.

Standard Bank chief executive for personal and business banking Peter Schebusch made the announcement recently during an interview with American business magazine, Forbes.

"The version of the app that is already available provides a string of standard retail banking services that have been extended to mobile access such as accessing account information and money transfers as well as the option to monitor investments with the bank and access related financial services like insurance and stock exchange investments," he said.

Stanbic Zimbabwe's introduction of the application will bring it into the same fold of mobile banking apps that local financial institutions including CBZ Bank Holdings have introduced.

Due to the cash crisis that Zimbabwe is experiencing, local banks have been prompted to introduce cash alternatives such as mobile banking and online banking to facilitate electronic transactions.
- New Ziana
Tags: Stanbic,


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