Saturday, July 12, 2025
24.5 C
Lagos

Stanbic IBTC Launches @ease wallet

Stanbic IBTC Holdings PLC, a member of Standard Bank Group, has launched the Stanbic IBTC @ease wallet, in line with its commitment to deepen financial inclusion and drive its digitization agenda.

The product is set to provide a unique range of financial services to the informally served, the under-banked and the unbanked on various structured platforms with the last 10 digits of a phone number.

L – R: Wole Adeniyi, Executive Director, Personal and Business Banking, Stanbic IBTC Bank PLC; Aisha Olatiwon, Assistant Director, Payment Systems Management, Central Bank of Nigeria; Dr Demola Sogunle, Chief Executive, Stanbic IBTC Bank PLC; Christabel Onyejekwe, Executive Director, Nigeria Inter-Bank Settle System, Uche Uzoebo; Head of Distribution, Shared Agent Network Expansion Facility (SANEF) and Inwang Akpan, Head, Transactional Products and Services, Stanbic IBTC Bank; at the launch of @ease wallet, recently.

Stanbic IBTC @ease wallet affords customers the opportunity to access banking services such as interbank transfers, debit card issuance and card less withdrawals from Automated Teller Machines (ATMs) or the Agent Network, amongst others. This reinforces Stanbic IBTC Bank’s drive to support the federal government to deepen financial inclusion and thereby drive economic growth.

This Stanbic IBTC @ease wallet was launched on Thursday, October 31, 2019. However, customers can open a Stanbic IBTC @ease wallet through Unstructured Supplementary Service Data (USSD) application- *909#; Stanbic IBTC @ease App and Agent locations nationwide.

Wole Adeniyi, Executive Director, Personal and Business Banking at Stanbic IBTC Bank, said: “The Stanbic IBTC @ease wallet is a financial freedom vehicle for all Nigerians to access seamless financial services. This service is available to every Nigerian that can legally own a bank account. Following the product launch, there will be a series of Market and Campus Activations starting from – The Lagos International Trade Fair, where we will introduce an array of products to visitors and exhibitors at the fair.”

“We recognise the daily complexities of living in a fast-paced digital society. Stanbic IBTC @ease Wallet covers a unique range of mobile financial transactions; it is intuitive and designed around the needs of the average Nigerian.” Adeniyi added.

spot_img
spot_img
spot_img

Hot this week

Fidelity Bank Delivers Hope to Internally Displaced Persons in Benue State

Team Lead, CSR, Fidelity Bank Plc, Victoria Abuka (Left);...

Union Bank Responds to Court Ruling on NICON, Global Fleet, Jimoh Ibrahim Case

Union Bank of Nigeria acknowledges the recent judgment of...

NAICOM, CIIN Laud IMT for Advancing Tech-Driven Insurance in Nigeria

The Commissioner for Insurance (CFI) and the CEO of...

NCDMB Unveils Nigerian Content Fund Certificate, Empowers 130 firms with $400m NCI Fund

The Nigerian Content Development and Monitoring Board has introduced...

Local Content, NCDMB on the Spotlight at 2025 NOG Conference

The recently held 2025 Nigeria Oil and Gas (NOG)...

Topics

TMT, IHS Towers Plan Finance Africa Summit in Lagos

TMT Finance the global telecom investment news and events...

NSE/LSE Capital Market Conference in London

L  - R shows Diane Cote, Chief Risk Officer,...

Niger Insurance Plans Strategic Transformation, Injection of Capital

Niger Insurance Plc is set to restructure its Board,...

Rand Merchant Bank to Facilitate Business Flows into Africa via US Office

                    Rand Merchant Bank (RMB) is now operating from a New...

Global Airlines Financial Monitor: June 2017

Global airline share prices increased, and outperformed the global...

Fidelity Bank to Hold 3rd Edition of FITCC in Atlanta, USA Sept 2025

Leading African financial institution, Fidelity Bank Plc, is set...

JUMIA Seeks Better Infrastructure for e-Commerce in Africa

Francis Dufay, the Managing Director of JUMIA Côte d’Ivoire has called for better infrastructure to foster rapid and sustainable growth of the e-commerce sector in Africa. He said Côte d’Ivoire "has the basics of the different types of infrastructure" needed for e-commerce and "the challenge remains to improve each of these elements." E-commerce is based on four key infrastructures: Internet, logistics, payment and the legal framework. Although JUMIA managed to transcend the limitations inherent to each type of infrastructure, allowing it to route some 2,000 parcels daily, several points would benefit from qualitative evolutions; including: Logistics with a need for; better roads, 3PL offering the highest quality of service at competitive prices and a more comprehensive addressing system. Payment; where the widespread adoption of cashless payment methods such as mobile money for which JUMIA enjoys the expert support of MTN, should be encouraged. The regulatory and organisational framework could benefit from more education for stakeholders for a better understanding of contractual implications. And internet, whose penetration estimated at 8 million people in Côte d'Ivoire, remains curtailed.

NIA: ‘Nobody is Forcing Insurers to Donate N10m to Covid-19 Fight’

  Mr. Tope Smart Chairman Nigerian Insurers Association The 57 insurance companies in...
spot_img

Related Articles

Popular Categories

spot_imgspot_img