Standard Chartered rolls out mobile banking services across 8 African countries

Jul 06, 2016

The rollout is taking place in Tanzania, Botswana, Ghana, Kenya, Nigeria, Uganda, Zambia and Zimbabwe.

Standard Chartered has announced it is rolling out mobile and online banking services across eight African countries.

The bank said in a statement that the roll out of its new service offering, which includes a mobile application, will allow one million clients to use online banking services on laptops, tablets or mobile phones.

The Bank's Head of Retail Clients, Michael Shio, told Tanzania Daily News that customers could now have a single view of their banking portfolio covering accounts, loans and debit cards, and can also perform real time funds transfer processing.

The rollout has taken place in Tanzania, Botswana, Ghana, Kenya, Nigeria, Uganda, Zambia and Zimbabwe in the first half of 2016 and later in the year the bank will launch fingerprint recognition technology in these markets.

Karen Fawcett, Standard Chartered’s CEO for retail banking, said in a press release that "consumers across the continent are increasingly affluent and tech-savvy and they want convenient access to their bank, wherever they happen to be."

Jaydeep Gupta, Standard Chartered’s regional head of retail banking for Africa and the Middle East, added: "By early next year, we expect at least 35 per cent of all client transactions to be done through online channels".ADNFCR-2976-ID-801821369-ADNFCR