The phenomenal growth of Stanbic Bank’s East Africa Borderless Banking platform has revealed a pent-up demand for secure, real-time transactions across international borders. Spanning a single network that includes Uganda, Tanzania, Kenya and South Sudan, the Borderless Banking solution has grown exponentially starting January 2021 to March 2022, at a rate of US$40million of transactional volume from virtually zero in January 2021. From February to March 2022 alone, the volume of successful transactions grew 24%, with a total value US$3.5million in transactions processed in March. “Clients in the region have long been struggling to access cross-border transactions platforms that offer…
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