Standard Chartered in Kenya this week announced the launch of “Straight2Bank Mobile Wallet,” its new mobile payment service for corporate clients, in partnership with Safaricom’s M-Pesa.
“Straight2Bank Mobile Wallet enables the bank’s business customers to make payments to people who do not have access to traditional bank services by using Safaricom’s M-Pesa service,” the bank said in a statement.
“The service will help corporate save time and costs by enabling them to make and track payments,” it added.
Standard Chartered intends to expand the offering to other relevant countries across its footprint of Asia, Africa and the Middle East.
By partnering with Safaricom, Standard Chartered believes it has teamed up with one of the fastest growing and most solidly backed mobile operators in Africa. The new service is expected to help consumers use and pay with their mobile phones as the government continues to push the mobile money sector.