Societe Generale launches mobile banking offer in Africa
This is a pan-African initiative to facilitate access to banking services for rural populations.French banking group Societe Generale (SG) has launched a new pan-African mobile banking offer.
It will gradually be deployed to become available by the end of 2015, the bank said. According to newspaper Cameroon Tribune, the services aim to meet the banking needs of populations in remote and sparsely populated areas on the continent.
In addition to traditional services such as consulting accounts, bank transfers, and secure messaging, the mobile application will also include services such as paying bills, as well as a branch and ATM locator.
"In the area of cash management, we have been very innovative in managing the flows. We offer platforms with international standards to our business clients to facilitate the implementation of their domestic and international payments securely, quickly and at lower costs," said Georges Wega, director at Societe Generale Cameroon.
This launch comes after the bank announced its intention to allocate €4 billion of additional capital to its African operations by 2016.