Stanbi IBTC Bank Launches Mobile Money Platform

Stanbic IBTC Bank partners with Mobile Media Info Tech Ltd (MMIT) to introduce a new platform that allows mobile money users shop internationally online without the need for a credit card. All the customer needs is a mobile money wallet to operate the platform.
Customers who use Stanbic IBTC Bank’s *909# mobile money wallets would be able to shop on foreign sites. Also, customers would be given the option of making cardless payments through their mobile money wallets with the use of a smart to purchase on online sites such as Android store, play stations, Amazon anywhere in the world.
Mr. Thabo Makoko, Head of E-Business at Stanbic IBTC said ‘the partnership is another step towards financial inclusion for those that are not able to shop online because they do not have credit cards.