BlueWallet ahead of market
Standard Bank Namibia launched a virtual prepaid account called ‘BlueWallet’, where customers can make payments for goods and services at registered retail outlets without having to carry around physical cash or a bank card.
Vetumbuavi Mugunda, Chief Executive of Standard Bank said the journey of ‘BlueWallet’ started with the implementation of a new banking system for the bank, Finacle, a new state-of-the-art system designed to enable innovation, agility and advanced functionalities for the benefit of their customers. “This product has features superior to other wallet products in the market, which include bulk payments by companies, tiers that allow for amounts in excess of N$2 000 to be transacted if you are KYCed, Wi-Code which allow for transacting cash-less or card-less at large merchants and the ability not to withdraw all your funds from your Wallet, which is truly innovative and ahead of its time in the Namibian market,” he emphasised.
BlueWallet allows customers to send money, top-up airtime, purchase pre-paid electricity, pay your Multi-Choice accounts, withdraw cash at a Standard Bank ATMs, transact at any Shoprite, Checkers or Engen Service station and pay City of Windhoek or Walvis Bay rates and taxes.
“We are progressing faster than we ourselves anticipated in our journey toward innovation and in the words of our President ‘no one should be left out,’ join us on our journey to innovation, we do not want to leave you behind,” advised Mugunda
“Other products that customers of Standard Bank can look forward to during the course of 2016 are e-mail statements, SmartApp for Phones, new EMV compliant Debit Cards, Business Online, Bulk Note Acceptors with real time deposits, electronic Banking SME’s and a refreshed Internet Banking platform,” informed Surihe Gaomas-Guchu, Manager: PR and Communications.
The launch of BlueWallet was done in partnership with MobiPay.