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Standard Chartered launches digitally-led retail banks in Africa

The Bank’s digital services are available by downloading the Standard Chartered mobile application via the Google play store or Apple store. (Image source: Africa Studio/Adobe Stock)

Standard Chartered has announced the launch of its digitally-led retail banks in Tanzania and Ghana, with Kenya’s rollout scheduled to occur very soon

This follows the launches of the bank’s digital offering in Uganda in January 2019 and Côte d’Ivoire in 2018. The expansion is part of the bank’s overarching digital transformation strategy for the African continent.

The most recent roll-outs provide Tanzania and Ghana with access to the mobile-led digital bank platform, which has added benefits such as instant account opening, zero fees on bill payment, zero monthly ledger, no minimum balance and free initial ATM cards.

Customers are expected to benefit from more than 70 client services, as well as a client onboarding experience. Additionally, the roll-out will offer customers exclusive retail, travel and dining experiences through the bank’s strategic local alliances.

Commenting on the launch, Sunil Kaushal, regional CEO for Africa and the Middle East, said, “Digitising Africa continues to be an integral component of our strategic transformation, and we have been steadily expanding our footprint across the continent.”

As part of the activation launch in Tanzania, Standard Chartered has also partnered with local Tanzania recording star Vanessa Mdee, who will support the ‘//BEUNSTOPPABLE’ campaign. In Ghana, the bank has collaborated with TV host and actress, Joselyn Dumas to support with the campaign roll out. Both Vanessa and Joselyn will participate in activations which will take place throughout the year.

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