Stanbic IBTC Bank, a member of Stanbic IBTC Holdings Plc, has announced the launch of Stanbic IBTC Mobile Money App for Smartphone running on BlackBerry, iOS and Android operating systems.
The move underlines the bank’s commitment to provide Nigerians with value-added products and services that suit their lifestyles, whilst giving them access to basic financial options via a secure mobile application wherever and whenever they want.
Stanbic IBTC’s Mobile Money App operates on a user-friendly platform that offers its users a convenient means of carrying out Mobile Money transactions from the comfort of their mobile devices, wherever they are.
With the Smartphone app, customers can enjoy Mobile Money services such as airtime purchase, funds transfer to all bank accounts, bills payment, money transfer to mobile phone subscribers, and much more. The application is free and available for download to both customers and non-customers of the bank, including individuals who do not own a bank account.
According to Obinnia Abajue, Stanbic IBTC’s Executive Director for Personal and Business Banking, the launch of the mobile application is another step towards leveraging evolving technologies to bring affordable financial services closer to Nigerians, in line with the bank’s financial inclusion initiative.
“When we launched Stanbic IBTC Mobile Money, we set out to deliver a service that can make a big difference in the lives of Nigerians by providing them with a fast and convenient means of sending and receiving money. Today, we are delighted that we have been able to deliver an app that supports the service by providing users with an instant suite of financial options on their mobile devices in a convenient and highly secure environment, and we plan to keep building on that,” he said.
Abajue highlighted access to a means of secure financial management by individuals without bank accounts and lowered transaction costs of money transfer as key benefits of Stanbic IBTC Bank’s mobile app service. “By enabling people to use their mobile phones as a tool for carrying out basic financial transactions, we hope to deliver long-term benefits for both our customers and the Nigerian economy,” he explained.
To benefit from the service, customers with mobile phones that operate on BlackBerry OS are required to download and install the Stanbic Mobile Money App from the BlackBerry App World platform.
Users of iPhones can download the app, which is also compatible with iPad and iPod Touch, from Apple’s App Store, while users of Android-powered phones can get the app from Google’s Play Store.
Stanbic IBTC’s Mobile Money app has also been linked to its Internet Banking service, enabling customers to access a host of Internet Banking services through their Smartphone. The channel supports a wide array of financial transactions such as funds’ transfer both within and outside the bank’s portal, bills payment and foreign exchange transfers to banks within and outside Nigeria, among others.
On his part, Stanbic IBTC Bank’s Head of Mobile Banking, Yinka Shorungbe said: “We are continuously looking for ways to bring new and innovative products and services to our customers. Our customers are increasingly desirous of having access to financial services when and where they want it.