Tag: Standard Bank

For years, a familiar narrative has shaped our understanding of South African consumers. It suggests they are over-indebted, under-saving and prone to conspicuous consumption. Statistics often reinforce this view. These include low household savings rates, rising unsecured lending and high levels of personal debt. On the surface, the conclusion seems obvious. However, it remains incomplete.

Africa's agricultural future requires bold climate-mitigation practices across the value chain. This vision is best realised with the strategic backing of strong financial partners who are committed to supporting Africa's agricultural transformation.

Despite meaningful progress in women’s participation in the economy, many women-led businesses across South Africa still face persistent challenges. These include limited access to markets and networks, as well as barriers to securing funding and digital tools.

South Africa’s tough economic conditions have left many consumers struggling to build emergency cash savings. According to our data, more than half (52%) of entry level private banking clients have less than one month of their salary saved in immediately accessible cash savings available, to use in the event of unforeseen circumstances such as retrenchments or urgent medical procedures.

There are many challenges for treasuries across the world, in any market, but the developing world has an opportunity for a head start in the switch to digital. This is borne out by the fact that the adoption of best practice treasury management tools, technology and integrated enterprise resource planning (ERP) systems that feed off data points all along the ERP value chain, are entirely within the grasp of corporate treasuries.

The trade finance ecosystem plays a crucial role in facilitating international trade by providing financing and risk mitigation services to importers, exporters and other participants in the global supply chain. In recent years, the trade finance ecosystem has undergone significant transformations driven by technological advancements and the growing importance of data – and we’re proud to be leading the charge in and for Africa.

Standard Bank, Africa’s largest bank by assets, has introduced Inward Telegraphic Transfers (ITTs) to its internet banking platform, offering a convenient, simple and fast way to process incoming funds from beyond South Africa’s borders.

Introducing a new approach to SME lending – a revolutionary short-term loan that links repayment terms to daily business revenue. When it comes to running a business in today’s disruptive and unpredictable environment, it’s never been more important for entrepreneurs to read the signs and respond accordingly, by adapting their strategies with out-of-the-box thinking and lightning-fast execution.

Standard Bank and Pick n Pay customers’ shopping experience has just become even more convenient, easy, and safe, through the Standard Bank’s EasyScan – a service that enables customers to pay for their shopping using the Standard Bank Mobile Banking app.  

As digitalisation fast forwards and people reach out for convenient digital experiences, Standard Bank has focused on delivering solutions that meet client needs and improve their client experience. Their digital International Payment Solutions are an example of how they provide convenience and give clients control over their International Payments.