Stanbic Bank Deepens Banking Penetration

stanbic pixStanbic Bank Ghana (SBG) has introduced its Point of Sale (POS) device onto the market to deepen banking penetration in the country.

Launching the product, the Head of Personal and Business Banking of SBG, Nana Dwemoh Benneh, said the introduction of the POS device was to promote a “cashless economy.’’

He said operators of shops and merchants of the SBG POS could receive and make payments through the terminal, adding that the “device provides daily sales on transactions which are made on it.’’

Nana Benneh also said customers of SBG could shop and access banking services through the use of the POS device.

He said the POS device was portable and could easily be carried to locations where the bank had no physical presence to create opportunity for customers to access banking services.

He said SBG would continue to deploy cutting edge technology in its operations to provide comfort to customers in accessing first class banking services.

Ben Mensah, Head of Personal Markets, SBG, said so far the bank had deployed about 26 POS devices across Accra, saying that plans were far advanced to deploy more terminals to other parts of the country.

He explained that currently the POS device had been deployed to Palace Super Market in Accra and all Koala Shops in the country.

For his part, the Global Chief Executive Officer in-charge of Personal and Business Banking of the Standard Bank Group, Peter Schlebusch said the bank would continue to invest in products and services which would bring comfort to its customers when accessing banking services.

As part of the launch, the bank held a mini draw to announce the first winner of its “Swipe to Brazil” promotion.

Stephen Kwasi Anim, a customer of the bank emerged the first winner of the promotion launched in February 12, this year. For his prize, Mr. Anim and his wife would be sponsored for a three-day visit to Brazil to watch the World Cup with $150 spending money.

The promotion is meant to sponsor two customers, who use the Stanbic visa card for banking transactions, and their spouses. By Kingsley Asare

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