By BUUMBA CHIMBULUTHE outbreak of Covid-19 pandemic has accelerated the growth of digital banking in Africa, with Standard Chartered Bank experiencing an increase in its customer base by half a million.This represents 50 per cent of its legacy base, since the onset of the Covid-19 pandemic, Standard Chartered Bank chief executive officer for Africa and Middle East, Sunil Kaushal said.Mr Kaushal said digital banks have allowed the bank to attract a new audience of future ready consumers, comprising a younger, digital savvy demographic, with more than two-thirds of accounts by consumers below the age of 35.He pointed out women represented a much larger share than normal.“The pandemic, rather than becoming a stumbling block, accelerated the growth, with Standard Chartered experiencing an increase in its customer base by half a million, representing 50 percent of its legacy base, since the onset of the pandemic,” Mr Kaushal said in his Opinion (Op-Ed).He said this digital banking platform […]
STANCHART RECORDS 500,000 NEW CUSTOMERS
