Standard Chartered, a UK-based bank with operations in 63 markets on five continents, recently began offering mobile banking in Cote d’Ivoire although it has no bank branches there. Users of the bank’s app can open current accounts, earn up to 5 percent per year on savings, and send money locally and internationally.
Standard Chartered’s Regional Head of Corporate Affairs and Brand and Marketing, Olga Arara Kimani, said the bank’s is not only looking to boost “awareness for our innovative digital offering but also at further enhancing financial literacy across the country…”.
Standard Chartered reports 2017 pre-tax profit of USD 3 billion on total assets of USD 185 billion.
Sources and Additional Resources
Standard Chartered press release
https://www.sc.com/en/media/press-release/we-name-ivorian-legend-didier-drogba-as-digital-bank-ambassador/
Standard Chartered “insight”
https://www.sc.com/en/navigate-the-future/going-digital-in-africa/
Standard Chartered annual report, 2017
https://av.sc.com/corp-en/content/docs/Annual_Report_2017.pdf
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