Standard Chartered Bank announced in a release published on February 24, 2019, the launch of its digital retail banking in Tanzania and Ghana.  

The group that has already launched fully-digital banks in Côte d’Ivoire (March 2018) and in Uganda (January 2019) explained that this expansion falls within the framework of its overall digital transformation strategy in the continent. It also indicated that the offer would soon be launched in Kenya.  

In Ghana and Tanzania, the offer will give clients access to the mobile banking platform and other advantages like instant account opening, zero-commission on bill payment and initial free banking cards.

More than 70 services will be offered to clients via the platform, which will be installed in less than fifteen minutes.

“Digitising Africa continues to be an integral component of our strategic transformation, and we have been steadily expanding our footprint across the continent. We are constantly looking for ways to push the boundaries, by providing our customers innovative solutions and technologies. Ultimately, it is about listening to what our clients want and meeting their banking needs by offering a digital platform to do their banking anytime and anywhere, through the channel they prefer”, Sunil Kaushal, managing director of Standard Chartered Bank for the MENA, explained.  

Standard Chartered Bank, whose main shareholder is the Singaporean fund Tamasek (15.6%) is present in 17 African countries.