News / Local
Stanbic Zimbabwe rolls out cash deposit machines
01 Nov 2023 at 17:49hrs | Views
Stanbic Bank Zimbabwe is introducing cash deposit machines in US dollars throughout the country as part of its ongoing digital transformation efforts as a leading financial institution.
These machines enable individuals to deposit cash into their Stanbic Bank accounts 24/7, whether it's a weekday or a weekend, including Sundays, without the need for a bank representative or teller. According to Nelson Muhau, the Head of Personal and Private Banking at Stanbic Bank, these state-of-the-art deposit machines offer numerous advantages, such as round-the-clock access, secure and efficient bulk deposit services with real-time balance updates, convenience, and support through various 24-hour customer service channels.
The cash deposit machines are currently available in various locations, including Harare (Nelson Mandela, Samora Machel Msasa, Belgravia, Borrowdale, and Southerton); Bulawayo (JMN Nkomo and Belmont Branches); Gweru, and Mutare. The machines are accessible 24/7, with the exception of Borrowdale and Belgravia branches, where they operate during branch hours from 0800 hrs to 1500 hrs.
These machines are designed for maximum convenience, allowing customers to make deposits without worrying about bank operating hours. Stanbic Bank clients can now deposit funds even on Sundays, and the process is self-service, with a security guard present to ensure depositor safety.
Muhau explained that these machines are part of Stanbic's strategy to innovate and embrace digitization. Stanbic Bank's commitment to digitization aligns with global technological trends in the financial and non-financial sectors, all aimed at enhancing the banking experience for its customers.
As part of this strategy, Stanbic Bank has introduced contactless debit cards and point of sale machines, making it the first financial institution to introduce this highly secure technology in the Zimbabwean market. Additionally, they have enhanced the functionality of Foreign Currency Accounts (FCAs) on their digital banking platforms and launched a technologically advanced application, SlydePay, which allows account holders to pay bills and make in-store purchases using QR code scanning on their smartphones.
All these products are part of a comprehensive digitization strategy designed to offer convenience to customers and ensure that clients benefit from top-quality banking technologies.
These machines enable individuals to deposit cash into their Stanbic Bank accounts 24/7, whether it's a weekday or a weekend, including Sundays, without the need for a bank representative or teller. According to Nelson Muhau, the Head of Personal and Private Banking at Stanbic Bank, these state-of-the-art deposit machines offer numerous advantages, such as round-the-clock access, secure and efficient bulk deposit services with real-time balance updates, convenience, and support through various 24-hour customer service channels.
The cash deposit machines are currently available in various locations, including Harare (Nelson Mandela, Samora Machel Msasa, Belgravia, Borrowdale, and Southerton); Bulawayo (JMN Nkomo and Belmont Branches); Gweru, and Mutare. The machines are accessible 24/7, with the exception of Borrowdale and Belgravia branches, where they operate during branch hours from 0800 hrs to 1500 hrs.
These machines are designed for maximum convenience, allowing customers to make deposits without worrying about bank operating hours. Stanbic Bank clients can now deposit funds even on Sundays, and the process is self-service, with a security guard present to ensure depositor safety.
Muhau explained that these machines are part of Stanbic's strategy to innovate and embrace digitization. Stanbic Bank's commitment to digitization aligns with global technological trends in the financial and non-financial sectors, all aimed at enhancing the banking experience for its customers.
As part of this strategy, Stanbic Bank has introduced contactless debit cards and point of sale machines, making it the first financial institution to introduce this highly secure technology in the Zimbabwean market. Additionally, they have enhanced the functionality of Foreign Currency Accounts (FCAs) on their digital banking platforms and launched a technologically advanced application, SlydePay, which allows account holders to pay bills and make in-store purchases using QR code scanning on their smartphones.
All these products are part of a comprehensive digitization strategy designed to offer convenience to customers and ensure that clients benefit from top-quality banking technologies.
Source - newsday
