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Standard Bank’s Company Wallet becomes your bank account

Home Business Standard Bank’s Company Wallet becomes your bank account

 

Windhoek

Boosting revenue and reducing operating costs are one of the lifelines that drive good business. This is the momentum with which Standard Bank’s digital Company Wallet service offers benefits to registered companies.

The Company Wallet is included in the recently launched Standard Bank BlueWallet (an online pre-paid account available to anyone with a valid mobile number). It enables registered businesses to effortlessly make bulk payments to their employees. Furthermore, casual/temporary workers will not need to open a bank account, as their cellphone becomes their bank account.

“The Standard Bank Company Wallet is a simple and easy payment solution allowing businesses the opportunity to eliminate the risk of dealing with cash. In addition our two stage security processes which recognize duplicate payments and incorrect customer details also make the Company Wallet very secure,” says Standard Bank’s Head of Digital Channels Bradwyn Beukes.

This service is available to all registered Namibian businesses. “These businesses can just send a mail to BlueWallet@standardbank.com.na and we will complete the registration for them. Once registration has been completed and you’ve deposited funds into your Company Wallet, you’re set to go. Bulk payments are effected by using a .csv file for uploads and can pay any number of people at any time (template will be provided),” adds Beukes

The latest innovative business product comes as a result of Standard Bank’s vision: “To be Namibia’s agile provider of innovative financial solutions.”

The bank plans to attain this vision through exceptional customer service, continuous innovation, an engaged and empowered employee force, operational efficiency and local relevance. This journey started with the implementation of a new core banking system for the bank, Finacle, a new state-of-the-art system designed to enable innovation, agility and advanced functionalities for the benefit of customers.

“Following the implementation of this new state-of-the-art system our immediate attention was to bring about stability to our systems to enable our customers and clients to enjoy banking services at their convenience.

“Following the implementation of a number of initiatives in the last two years, we believe that our ongoing systems and IT environment stability journey has enabled us to come up with innovative products during the course of 2016. We have commenced the next phase of our journey, the innovation phase, which will be an exciting time for our customers and all Namibians to look forward to,” adds Beukes.

One of the many exciting innovative products for Standard Bank corporate companies is the enhanced features included in the BlueWallet product, Company Wallet, whereby registered businesses can make easy bulk payments to their employees. This also includes Tiers that allow for amounts in excess of N$2 000 to be transacted if you are KYCed, Wicode which allow for transacting cash-less or card-less at large merchants and the ability not to withdraw all your funds from your Wallet.

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