BUSINESS

Standard Chartered launches digital banking across Africa

&NewLine;<p>Standard&NewLine;Chartered has announced yet another multi-market launch of its digital bank in&NewLine;Botswana&comma; Zambia and Zimbabwe as part of its digital transformation strategy in&NewLine;Africa&period; The next wave of digital-only banks follows launches in Uganda&comma;&NewLine;Tanzania&comma; Ghana and Kenya in the first quarter of the year and Côte d&&num;8217&semi;Ivoire in&NewLine;2018&period;<br>&NewLine;In a release forwarded to OpenLife&comma; the expansion in Africa comes at a time&NewLine;when the continent&comma; with a growing economy and population&comma; is demanding wider&NewLine;access to digital services&period; The digital banking solution provides Standard&NewLine;Chartered customers across the eight markets with affordable&comma; convenient&comma; fast&NewLine;and easily accessible banking services&period; The first-of-its-kind digital bank in Botswana&NewLine;and Zambia offers a truly end-to-end digital account opening experience which&NewLine;has been developed following client feedback to offer a convenient platform to&NewLine;service all their banking needs&period;<br>&NewLine;<br>&NewLine;&nbsp&semi;Sunil Kaushal&comma; Regional CEO&comma; Africa and&NewLine;Middle East stated&comma; during the launch&comma; that&nbsp&semi;&OpenCurlyDoubleQuote;This is a significant&NewLine;achievement for the Bank having now launched digital banks in 8 markets in 15&NewLine;months of our initial launch in Côte d&&num;8217&semi;Ivoire&period; The growing population of Africa&NewLine;is demanding faster and more convenient banking and it has been very rewarding&NewLine;to witness increased acceptance and a growing demand for our digital products&NewLine;across the continent&period; We have an exciting pipeline of product launches on this&NewLine;platform which will position us as the premier digital bank in our markets of&NewLine;choice&period;”&nbsp&semi;<br>&NewLine;<br>&NewLine;By digitalising the entire banking experience&comma; customers will be able to enjoy&NewLine;simple&comma; secure&comma; and affordable banking anytime&comma; anywhere&period; Active customers of&NewLine;the digital bank will also be eligible to receive loyalty benefits and promotions&period;<br>&NewLine;<br>&NewLine;<br>&NewLine;<&sol;p>&NewLine;

Openlife Reporter

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