Standard Chartered Bank has partnered with Airtel Ghana Limited to launch Straight2Bank Wallet in Ghana, expanding the coverage of its mobile wallet service in Africa.
First introduced in Kenya in 2013, Straight2Bank Wallet enables corporations, governments and development organisations to make cashless payments to both banked and unbanked individuals. Especially relevant in emerging markets with large rural areas, mobile wallets provide an efficient and secure alternative to onerous and risk-prone cash payments.
With the introduction of this new payment channel, Standard Chartered’s corporate clients in Ghana can now use the Bank’s Straight2Bank electronic banking platform to make payments directly into an individual’s Airtel Money mobile wallet, regardless of the time. This allows clients to effectively reach out to their beneficiaries with timely payments, while mitigating the risks of fraud and theft associated with cash payments.
Lucy Quist, CEO, Airtel Ghana said” “The Straight2Bank Wallet service is a seamless, safe and instant mode of making single and multiple payments to employees or suppliers in a single batch. Money transferred can be received conveniently on a mobile phone via Airtel Mobile Money. We, at Airtel Ghana are very excited about the service and the partnership with Standard Chartered Bank. As one of the most forward looking financial services in Ghana with a strong commitment to technology, we have no doubt that this partnership will be a great step towards achieving our goal of attaining a cash-lite economy”.
Kweku Bedu-Addo, CEO Standard Chartered Bank West Africa 2 commented, “In partnership with Airtel, we are proud to be the first bank to introduce mobile wallet services to Ghanaian companies. Mobile wallets not only bring operational and cost efficiencies to our clients, but also mean individuals receive their funds through secure channels – another way we are supporting Ghana’s Central Bank to foster a cash-lite economy.”
Philip Panaino, Head of Transaction Banking Africa added, “Ghana is the 5th African market to enjoy the benefits of Straight2Bank Wallet within the Bank’s global roll-out strategy. Since its introduction, we have seen a steady increase in the volume of transactions processed via Straight2Bank Wallet, demonstrating the ease and convenience this product brings for our corporate clients, and reiterating our promise to be Here for good.”
To date Standard Chartered has delivered the benefits of Straight2Bank mobile wallets to corporates in 10 markets within the Bank’s global footprint, namely Kenya, Nigeria, Tanzania, Zambia, Pakistan, Bangladesh, the Philippines, Thailand, Indonesia and Vietnam.
Latest Stories
-
There’s no cause for alarm – Linda Dor assures public following reports of theft
2 hours -
NDC cadre could’ve asked for 2020 election collated figures if interested – Ade Coker to Kunbour
2 hours -
Hacklab 2021 ends with 9 commercially viable AI Solutions
2 hours -
22-year-old sentenced to 10 years imprisonment for defilement
2 hours -
2 suspects arrested for burning 64-year-old woman in North East Region
2 hours -
Derek Chauvin found guilty on all charges in the death of George Floyd
2 hours -
CHAG, SafeCare Ghana certify 28 assessors for nationwide evaluation of CHAG facilities
2 hours -
Cargo truck involved in accident at Kadjebi
2 hours -
Kunbour mustn’t behave like a serial caller – Ade Coker
2 hours -
Kasoa Opeikuma businessman killers arrested at Buduburam
3 hours -
Brace yourselves for more floods until wetlands are reclaimed – NADMO to Kumasi residents
3 hours -
Oil marketing sector risk collapse over market saturation, unhealthy practices – Oil marketing companies
4 hours -
Re: Linda Dor highway rest stop allays fears of commuters
4 hours -
Ed Woodward resigns from Manchester United role
4 hours -
Kotoko to pay Maxwell Konadu $41,000 for breach of contract
4 hours