Standard Chartered announced that it has expanded its African coverage of Straight2Bank Wallet, the Bank’s mobile wallet service platform, by launching mobile payment services in Nigeria and adding mobile collections capabilities in Kenya. The Bank launched mobile payment services in Kenya in September 2013.In Nigeria, the Bank has partnered with eTranzact International Plc. to provide mobile payment services through its Straight2Bank Mobile Wallet. This is in line with the Central Bank of Nigeria’s (CBN’s) Financial Inclusion strategy to the unbanked and semi-banked population.The new mobile payment service enables clients such as development organisations, international organisations, non-bank financial institutions, agricultural companies and fast-moving consumer goods (FMCG) companies to make payments to both banked and unbanked individuals such as aid workers, trainers, policy holders, farmers and other beneficiaries.
Ziraat Bank purchased one thousand more recycling ATMs from GRGBanking, the leading provider of currency recognition and cash processing solutions. With this, the bank’s ATM fleet will expand from 2900 to more than 4400 and meet 15% of the market need. The chosen model of the contract is cash recycling ATM H68N. As a self-service cash machine to provide withdrawal, deposit, currency exchange, bill payment, coin exchange and other services, it uses cash recycling technology, which is still uncommon in Turkey. Recycling ATMs enable bank users to withdraw the deposited banknotes and therefore it can reduce the cost of cash replenishment. Besides 1505 biometric ATMs, 1,400 desktop palm readers will be disseminated over branches for the purpose of customer’s palm vein subscription.