Stanbic unveils Matshelo

The bank, in its continued effort to move Batswana forward, has developed the niche solution to mitigate the risks that come with the improper placement of group savings.

The challenge often lies in both formal and informal society groups in making use of unsecure banking facilities; group savers often opt to keep physical cash or held within the account of a nominated individual. These means of stowing their funds pose a danger in that the individuals and groups are then increasingly susceptible to fraud and misplacement of funds.