Stanchart Zimbabwe launches mobile banking

By Alfonce Mbizwo, Harare, Zimbabwe

Standard Chartered Bank (Stanchart) has launched a mobile banking facility as part of moves to modernise its banking systems.

It joins several other institutions such as CBZ BankCABS, the Post Office Savings Bank and Kingdom Bank, who have forged partnership with local mobile networks to provide the facility.

Stanchart is the oldest financial institution in Zimbabwe, having started operations in the country in 1892. It said the service would be initially available on two of the three mobile networks, Telecel and NetOne.

The unique aspect of Stanchart’s service is that it will be available anywhere in the world, according to the bank’s acting chairman, Ian Mackenzie.

Mackenzie said the rollout will begin from 1 December, 2011.

Among the new services the bank will offer include airtime top-up, a facility to check bank balances,  request for statements, inter-account transfer, payment of utility bills and cheque book requests, all via mobile.

Mackenzie said access to mobile banking would be password protected and uses the latest security technologies currently available. Customers can also send and receive cash without fear of losing their money, even if they lose their handsets.

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