‘No Need To Queue At Banks Now’ Stanbic Reveals Alternative Method To Cash Crisis

Zimbabwe’s Stanbic Bank chairperson, Gregory Sebborn has reportedly stated that depositors no longer need to spend hours queuing at banking halls as they have an option of conducting their transactions digitally using online technology platforms.

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Scores of depositors continue to spend several hours seeking cash withdrawals at their banks across the country, however, Stanbic believes adoption of digital technologies is the solution to biting cash shortages.

According to Chronicle, Stanbic chair spoke at Mpilo Central Hospital in Bulawayo where his bank officially handed over a borehole it sunk at the institution at a cost $15 000.

“Our industry is driven by technology and over recent years, we have developed our services to the point where most of our customers no longer need to go to a physical bank branch to access our services,” said Mr Sebborn.

“They can do most of their banking via our online digital platforms and in this regard, we believe we make life more convenient and hopefully better for those that our organisation serves.”

Stanbic Bank has introduced a mobile banking app that can be accessed on Goggle play for android users and on the App store for IOS users. The app gives one full visibility of their accounts and total control over their money.

Appetite for cash remains high in the country despite the use of plastic money.

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