Standard Chartered Bank Kenya has announced plans to roll out a mobile commerce ecosystem network for its customers in partnership with Cellulant.
Cellulant, who powers mobile banking for more than 32 banks in Africa, operate Africa’s leading mobile commerce network, enabling over Kshs.10 billion in transaction value last year.
Standard Bank was the first bank in its global network and among the first globally to launch mobile banking on USSD platform in partnership with Cellulant three years ago.
With the new deal, Cellulant will deploy its new mobile commerce platform, dubbed Release 3.0, which is a mobile commerce platform that enables banking, merchant services, digital services, bulk payments and agency banking via applications on Android, iOS and other channels access such as USSD, SMS and Java applications.
The bank’s Consumer Banking Director, Kariuki Ngari, say that the investment has already seen them double the active base of M-banking users over the second quarter winning the bank an award within its global network.
He added that the bank is eager to see its customers adopt the new platform as it plans to roll out new services on its alternative channels.
Cellulant has been powering mobile banking for Standard Chartered Bank across five countries in Africa (Ghana, Zambia, Botswana, Nigeria and Kenya) and is looking to rolling this across all Standard Chartered Bank markets in Africa, enabling the Banks customers across the continent to enjoy mobile banking.
According to Ngari, Standard Chartered Bank’s decision to upgrade to Cellulant’s new mobile commerce platform is based on the platform robustness which allows the bank to tailor-make different products for various markets across Africa.
“This new software iteration is a highly robust technical platform that integrates to different core banking systems with security features on encryption, monitoring and channel management business tools.
“The platform also aggregates banks channels such as ATM and Internet Banking to enhance customer’s user experience and enable services such as cardless withdrawals, secure PIN management, SMS alerts on mobile for ATM, bill presentment and payment,” he said.