BY OUR REPORTER
KAMPALA, UGANDA –Standard Chartered Bank and MTN Uganda Limited have signed an agreement to allow MTN Mobile Money collections for Corporate and Business clients directly into their Standard Chartered Bank accounts on a real time basis.
This solution is dubbed Straight2Bank Wallet Collections and will be delivered through the Bank’s Straight2Bankelectronic banking platform.
Albert R. Saltson, Standard Chartered Bank’s Chief Executive Officer said the collaboration with MTN Uganda will enhance the Bank’s client proposition and ability to extend its world-class financial services to clients countrywide.
“One of our strategic aspirations as Standard Chartered Bank is to be the Main Digital Bank for our customers and this commitment is reaffirmed by the launch of the Straight2Bank Wallet Collections solution today.
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“We will continue to invest in technology to keep pace with local and global developments. As a result the Bank in the recent pastset aside USD 1.5 billion to be invested in technology and processes upgrade globally over three years.
“As part of this journey, Standard Chartered Bank Uganda hasinvested in digital innovations such as; the upgrade of the online banking platform, Launch of the Mobile app, Introduction of mobile wallets, Cash Deposit Machines and the replacement of ATMs across our network.
“Client centricity remains a core priority for the Bank as we continue to build on our expertise and capabilities to support clients in capturing the opportunities presented by the global move towards a cashless society.