Standard
Chartered has announced yet another multi-market launch of its digital bank in
Botswana, Zambia and Zimbabwe as part of its digital transformation strategy in
Africa. The next wave of digital-only banks follows launches in Uganda,
Tanzania, Ghana and Kenya in the first quarter of the year and Côte d’Ivoire in
2018.
In a release forwarded to OpenLife, the expansion in Africa comes at a time
when the continent, with a growing economy and population, is demanding wider
access to digital services. The digital banking solution provides Standard
Chartered customers across the eight markets with affordable, convenient, fast
and easily accessible banking services. The first-of-its-kind digital bank in Botswana
and Zambia offers a truly end-to-end digital account opening experience which
has been developed following client feedback to offer a convenient platform to
service all their banking needs.
Sunil Kaushal, Regional CEO, Africa and
Middle East stated, during the launch, that “This is a significant
achievement for the Bank having now launched digital banks in 8 markets in 15
months of our initial launch in Côte d’Ivoire. The growing population of Africa
is demanding faster and more convenient banking and it has been very rewarding
to witness increased acceptance and a growing demand for our digital products
across the continent. We have an exciting pipeline of product launches on this
platform which will position us as the premier digital bank in our markets of
choice.”
By digitalising the entire banking experience, customers will be able to enjoy
simple, secure, and affordable banking anytime, anywhere. Active customers of
the digital bank will also be eligible to receive loyalty benefits and promotions.
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