Standard Bank partners with flutter wave to allow customers in eight African countries to enjoy enhanced digital payments experience. The countries listed includes Nigeria, Zambia, Tanzania, Uganda, Ghana, Mauritius, Cote D’Ivoire and Malawi. This partnership was created to build e-commerce, card issuing, payments, collections, USSD, lending, and buy-now-pay-later capacities for Africans.
This would help not only individual customers but also SME’s, large companies and several institutions to influence the make use of the power of digital payments and e-commerce to scale their businesses.
The way people buy and sell has drastically changed in Africa which is as a result of the COVID pandemic, enabling a big shift to digital payments and e-commerce. According to Statista, digital responses were key to improving services within several sectors such as business,
healthcare and education. A shift to digital payments accounted for 33% of all Covid-19 responses by governments and the private sector of Sub-Saharan African countries in 2020.
With this partnership, customers would grow their business both online and offline through the tech solutions that would be provided. This partnership portrays the unique collaborative relationship that exists between banks and FinTechs’ across Africa where the customers’ needs and satisfaction take utmost priority.