Bank Launches Product To Bridge Financial Gap

Stanbic IBTC Holdings PLC, a member of Standard Bank Group, has launched the Stanbic IBTC @ease wallet, in line with its commitment to deepen financial inclusion and drive its digitisation agenda.

The product is set to provide a unique range of financial services to the informally served, the underbanked and the unbanked on various structured platforms with the last 10 digits of a phone number.

Stanbic IBTC @ease wallet affords customers the opportunity to access banking services such as interbank transfers, debit card issuance and cardless withdrawals from Automated Teller Machines (ATMs) or the Agent Network, amongst others. This reinforces Stanbic IBTC Bank’s drive to support the federal government to deepen financial inclusion and thereby drive economic growth.