As part of its digital transformation strategy for Africa, Standard Chartered has announced another multi-market launch of its digital bank in Botswana, Zambia, and Zimbabwe as part of its digital transformation strategy in Africa.
The next wave of digital-only banks follows its previous launches in Uganda, Tanzania, Ghana and Kenya in the first quarter of the year and Côte d’Ivoire in 2018.
The expansion in Africa comes as the demand for wider access to digital services increased and with a growing economy and population.
The digital banking solution provides Standard Chartered customers across the eight markets with affordable, convenient, fast and easily accessible banking services.
The digital bank in Botswana and Zambia, which is first-of-its-kind, offers a truly end-to-end digital account opening experience which has been developed following client feedback to offer a convenient platform to service all their banking needs.
The Regional CEO, Africa, and the Middle East, Sunil Kaushal, said that
“This is a significant achievement for the Bank having now launched digital banks in 8 markets in 15 months of our initial launch in Côte d’Ivoire.
The growing population of Africa is demanding faster and more convenient banking and it has been very rewarding to witness increased acceptance and growing demand for our digital products across the continent.
We have an exciting pipeline of product launches on this platform which will position us as the premier digital bank in our markets of choice.”
In addition, the Bank will continue its digital expansion in African markets with another launch planned in September for Nigeria.