Stanchart Ramps Up Tech Banking WithWallet-To-Bank

Wallet-to-Bank is not the same as Bank-to-Wallet, a service currently available at Orange Money and BTC Smega.

Now, Stanchart has rolled out the latest generation cash deposit machines offering a host of services including payment to loans.  According to the bank, the initiative is geared to eliminate the need for customers to congregate at branches to make cash deposits in line with social distancing best practice. Head of Retail Banking, Bino Rasedisa said the Wallet-to-Bank service allows customers to transfer funds from their mobile wallet directly into their account in real time.