Stanbic bank launches Instant Money cellphone banking

Stanbic Bank Fairgrounds branch
Stanbic Bank Fairgrounds branch

Stanbic Bank Botswana on Monday announced the launch of ‘Instant Money’, a cardless person-to-person money transfer product that allows banking users to send funds to anyone, anywhere.

This service, which is targeted at individuals without bank accounts, joins the likes of FNB, Barclays, cellphone giants Orange, Mascom that in recent times introduced their various versions of cell-phone banking with great success.

In a statement released this week, Stanbic noted that the latest product reflects their strong drive towards ensuring greater convenience and better banking experience for customers. Stanbic Bank Botswana head of customer channels, Calistas Chijoro explained that their aim was to work towards making use of Instant Money as a major vehicle to delivering opportunities to facilitate access to banking services in remote rural areas. “Through Instant Money, we strive to ensure greater access to banking knowledge and banking services, bring cash to the fingertips of Batswana and moving them forward,” he said.

Editor's Comment
Bravo police for prompt action

It is also hurting that whilst we all know that the Botswana Police Service (BPS) is charged functionally with the duties to investigate all forms of crime, some locals have resorted to taking the law into their own hands. It is very wrong to do that. There is also a possibility that one may wrongfully take the life of a person in the process, unless it is a justifiable case of self-defence. Recently, in the city of Francistown, some locals found...

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