Access Bank to bring top end technology to Botswana
Access Bank Plc, which has recently acquired Botswana’s BancABC from London-listed Atlas Mara vowedto bring to the country some technological transformation that “have never been seen in the country before,” according to Hebert Wigwe, Access bank Group MD and CEO of Access bank. Wigwe was in thecountry where he had a familiarisation tour with the local media.
He said for the bank to stand out in this cutthroat competition it will have to employ never been seentype of transformation that include bringing in the most sophisticated technological advancement that abank can have. Currently in Nigeria the bank has a whopping 2 963 ATMs, 7.8 million USSD users,9.8million unique mobile app and internet banking users.
At the new acquisition, Wigwe said they will connect BancABC’s IT strategy into a centralised IT infrastructure with shared IT support to reduce operational costs and stem further capital depletion on IT investments in addition to developing standardised services and channels with a global mind set equally fit for purpose in country and across the region, as well as ensure the applications developed ona base platform are fit for Botswana customers.
“The number of ‘unbanked’ is falling while digital adoption is accelerating and changing how people bank. This digital developments is allowing for increased automation of banking operations.”
Michael Wilkerson, Executive Chairman of Atlas Mara, said, “BancABC Botswana has achieved a greatdeal since Atlas Mara’s initial investment, including in digital adoption and in growing a high-quality retail operation. Management have shown strong resilience and further innovation during the pandemic-related economic slowdown of 2020, and we thank the team for their hard work. Bycombining with Access Bank’s infrastructure, including its digital offerings and its corporate and SME capabilities, the bank will be well positioned to continue the positive trajectory and succeed in the macro economic recovery to come.”
Access Bank today is the largest bank in Nigeria and Africa’s leading bank by customer base. It is a full service commercial bank operating through a network of more than 600 branches and service outlets, spanning three continents, 12 countries and 36 million customers. The Bank employs 28,000 thousand people in its operations in Nigeria, Sub Saharan Africa and the United Kingdom, with representative offices in China, Lebanon, India and the UAE.