Zimbabwe: Stanchart Launches First Digital Bank

28 June 2019

Money Transfer

Standard Chartered Bank on Wednesday launched its first digital bank in Zimbabwe, another landmark innovation by the financial institution that aims to tap on the growing mobile penetration in the country. The launch of the digitally-led bank follows launches in Uganda, Tanzania, Ghana and Kenya in the first quarter of the year and Côte d'Ivoire in 2018.

Standard Chartered's digital bank is designed to bring convenience to clients by enabling them to access banking services through Internet and mobile platforms.

Speaking at the launch event, head of retail banking, Valeta Mthimkhulu, highlighted that the digital bank offers seventy of the common services encompassing card management on the application, opening an additional account, ordering a debit card, local and international funds transfer, all without the need to visit a branch.

"Our digital bank was developed with our clients in mind.

"We have taken into consideration their feedback at each stage of the design process, and have incorporated innovative technology to allow them to execute all banking activities from a mobile phone via the Standard Chartered Bank App - SC Mobile Zimbabwe.

Source: The Herald