New instant cash transfer from SA to Zimbabwe

Mergers, Acquisitions and Financial Results

Standard Bank and Stanbic Zimbabwe have teamed up with OK Zimbabwe Limited to offer person-to-person money transfers in real time from South Africa to Zimbabwe.

This means people residing in South Africa can send money instantly to that country via Standard Bank’s secure, cost-effective, uncomplicated and easily accessible Instant Money International transfer system.

Using the Instant Money International money transfer system developed by Standard Bank South Africa, Zimbabwean residents can receive and collect their money at any of OK Zimbabwe’s 55 stores nationwide. The recipient in Zimbabwe does not need to have a bank account to receive their money.

The service is currently available online to Standard Bank’s Internet Banking customers; but will be expanded to Standard Bank’s more accessible Access Point network in future.