News & Analysis

Stanbic’s East Africa borderless platform reaches US$40million transactions

by CEO Reporter
Patrick Mweheire, Standard Bank Group’s Regional Chief Executive for East Africa. He notes that Clients in the region have long been struggling to access cross-border transactions platforms that offer consistent, speedy and affordable service
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The phenomenal growth of Stanbic Bank’s East Africa Borderless Banking platform has revealed a pent-up demand for secure, real-time transactions across international borders. Spanning a single network that includes Uganda, Tanzania, Kenya and South Sudan, the Borderless Banking solution has grown exponentially starting January 2021 to March 2022, at a rate of US$40million of transactional vol

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