Press Release: Standard Chartered Bank and MTN Mobile Money partner to launch Straight2Bank wallet

Standard Chartered Bank Zambia has partnered with MTN Mobile Money, the leading mobile money provider in Zambia, to launch Straight2Bank Wallet.
MTN Zambia CEO, Charles Molapisi, said:

“The partnership with Standard Chartered Bank Zambia is a true testimony of the transformation of banking and the reality that evolutions run business. We understand the importance of keeping abreast with the digital evolution and the focus to deliver superior customer experience. The Straight2Bank product will provide that. We are providing a solution to the non-banked population in our quest to drive financial inclusion. The partnership will also drive the growth of MTN Mobile Money subscribers which currently stands at over two million”.

Meanwhile, Wane Ngambi, Head of MTN Mobile Money forecasts a growth of about 300% in Mobile Money active subscribers in 2016. Mr Ngambi says:

“Currently, MTN Mobile Money has the most affordable and available end to end mobile banking solutions in Zambia with the largest footprint of over 3,000 active agents countrywide.”

Standard Chartered Bank Zambia CEO, Andrew Okai, commended the collaboration with MTN Mobile Money, saying it will enhance the Bank’s ability to extend its world-class financial services countrywide.

Source: MTN Zambia

Note: We are yet to get all details of how it works. We will share soon 🙂