South Africa: New online banking platform for entrepreneurs unveiled

Securing credit card transactional data is crucial
Securing credit card transactional data is crucial.
Mobile banking and finance concept
Mobile banking and finance concept

Entrepreneurs have demanding schedules and the growth of their businesses is a lifelong project and a top priority. The right technology can help ensure that they are able to spend more time on those things that are key to their business success.

Bearing this in mind, South Africa’s Mercantile Bank has launched a new online banking platform to bring even more convenience to the way their clients bank online.

Karl Kumbier, Chief Executive Officer at Mercantile Bank, explains, “One of the most useful tools you can give an entrepreneur is a mechanism that saves them time. Entrepreneurs are jugglers, with multiple demands on their attention, so ease-of-use and speed is paramount.”

“Mercantile’s new internet banking platform was designed to be simpler and more intuitive, backed by new improved functionality,” Kumbier says.

“We engaged extensively with our clients and our employees to find out what entrepreneurs need most from an internet banking platform. Security, speed and convenience remain top of their priority list,” he says.

The Bank’s new online banking platform ensures secure access to the system via USSD technology which makes use of a cellphone number for authentication of identity, instead of digipasses. It also gives clients the convenience of being able to securely send and receive messages to and from the bank and make payments directly to SARS via SARS E-Filing.

“These are just some of the features of the new platform. We have made several other tweaks and upgrades to the overall online client experience. Our sole purpose in life is to grow entrepreneurs, so we continue to keep our ear to the ground to stay on top of what more we can do to improve the way entrepreneurs do banking,” Kumbier concludes.

Staff Writer