Facebook Twitter LinkedIn RSS
    Trending
    • QNET hails Prof. Adebayo’s induction into Nigerian Academy of Science
    • Starlink Boosts Nigerian Connectivity with Free Month & Konga Delivery
    • Unbeatable Discounts on L’Oréal’s Dermatological Beauty Brands
    • First Asset Management launches N100 billion infrastructure fund
    • From Lagos to Nairobi: How One African Crypto Community Transformed a Bitcoin Milestone into a Continental Movement
    • NITDA: 56% of IT projects fail due to tech obsession, poor planning
    • Sanwo-Olu, Sule, and Other Visionaries to Headline Lagos Future Conference 2025
    • Zoho Launches Ulaa Enterprise, a Secure and User-Friendly Browser for Modern Workplaces
    Facebook Twitter LinkedIn
    ITPulse.com.ngITPulse.com.ng
    • News
    • Interviews
    • Blogs
    • Analysis
    • Opinion
    • Videos
    • Press Releases
    • Pictures
    • Advertise
    ITPulse.com.ngITPulse.com.ng
    Home»News»Standard Chartered excludes Nigeria in digital-only retail banks rollout
    News 2 Mins Read

    Standard Chartered excludes Nigeria in digital-only retail banks rollout

    mmBy ITPulseJanuary 31, 2019
    Facebook Twitter WhatsApp Pinterest LinkedIn Reddit Tumblr Email
    Stardard Chartered, Nigeria banks, CBN, Retail Banking
    Share
    Facebook Twitter LinkedIn Pinterest Email

     

    British multinational banking and financial services company, Standard Chartered has excluded Nigeria in the launch of its second wave of digital-only retail banks across African markets.

    Rather, the international banking group said, the solution, which it noted, is a response to growing consumer demand for innovative banking services on the continent will be launched in four other markets in Africa, which the Bank described as key in their retail banking quest.

    They are starting in Uganda in January, followed by Tanzania in February, with Ghana and Kenya to follow, disclosing that the launch in these four countries followed the successful launch of Standard Chartered’s first digital retail bank in Côte d’Ivoire last year.

    “We are thrilled to launch the second phase of our digital-only retail banks across other African markets of Uganda, Tanzania, Ghana and Kenya,” announced Sunil Kaushal, Regional CEO, Africa and Middle East.

    He explained that the Bank will continue to make strategic and sustainable investments in technology to  complement its innovation agenda, as well as enhance the Bank’s digital offerings and client experiences. “Digitising Africa and facilitating access to financial services remains at the heart of our business strategy for the region,” he added.

    Accrding to Standard Chartered, the second phase digital-only retail banks builds on the original CDI platform that onboards clients in under 15 minutes and provides 70 of the most common service requests. The updated digital bank provides enhanced services including QR code and P2P payments, loan and overdraft facilities, and instant fixed deposits. Clients will be able to enjoy the convenience of banking on the go, anytime and anywhere, along with a consistent online experience.

    The roll out will also see the Bank engage in strategic local alliances to create an appealing lifestyle banking proposition to provide client offers across shopping, travel and dining.

    The Africa’s banking market is the second-fastest-growing and second-most profitable globally. The retail banking sector is a locus of new business models which are emerging in response to low levels of banking penetration and heavy use of cash in the Sub-Saharan continent.

     

    CBN Nigeria banks Retail Banking Stardard Chartered
    Share. Facebook Twitter Pinterest LinkedIn Tumblr Telegram Email
    mm
    ITPulse
    • Website
    • Facebook
    • Twitter
    • LinkedIn

    ITPulse is a wholly information technology communication (ICT) news website, with a special focus on the African continent. The website provides up-to-date biz-tech news, analysis and comprehensive and thorough insight into the continent's ICT terrain

    Related Posts

    QNET hails Prof. Adebayo’s induction into Nigerian Academy of Science

    May 23, 2025

    Starlink Boosts Nigerian Connectivity with Free Month & Konga Delivery

    May 23, 2025

    Unbeatable Discounts on L’Oréal’s Dermatological Beauty Brands

    May 21, 2025

    Leave A Reply Cancel Reply

    Subscribe to Updates

    Get the latest creative news from FooBar about art, design and business.

    Latest Posts

    QNET hails Prof. Adebayo’s induction into Nigerian Academy of Science

    May 23, 2025

    Starlink Boosts Nigerian Connectivity with Free Month & Konga Delivery

    May 23, 2025

    Unbeatable Discounts on L’Oréal’s Dermatological Beauty Brands

    May 21, 2025
    About
    About

    Itpulse.com.ng is a wholly information technology communication (ICT) news website, with special focus on the African continent. The website provides up-to-date biz-tech news, analysis and a comprehensive and thorough insight info the continent's ICT terrain.

    Contact us: editorial@itpulse.com.ng

    Facebook Twitter LinkedIn RSS
    Latest Posts

    QNET hails Prof. Adebayo’s induction into Nigerian Academy of Science

    May 23, 2025

    Starlink Boosts Nigerian Connectivity with Free Month & Konga Delivery

    May 23, 2025

    Unbeatable Discounts on L’Oréal’s Dermatological Beauty Brands

    May 21, 2025
    Popular Posts

    Beyond SIEM: Designing Adaptive Threat Response Systems Using Context-Aware Correlation Models

    September 22, 2023

    Writing Code for Future Strangers: Engineering for unknown teams, contexts, and missions

    March 5, 2023

    Starlink Boosts Nigerian Connectivity with Free Month & Konga Delivery

    May 23, 2025
    © 2017 - 2025 Itpulse. Designed by Max Excellence.
    • Terms & Conditions
    • Privacy Policy
    • Advertise
    • Contact Us

    Type above and press Enter to search. Press Esc to cancel.