Stanbic bank launches Instant Money cellphone banking

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.