@BusinessDaily

StanChart's Sh200m cardless ATMs go live

3 months ago, 19 Sep 17:38

By: Constant Munda

Standard Chartered Bank Kenya #ticker:SCBK has upgraded all its ATMs to enable customers make card-less withdrawals and transfer of funds directly to third parties.

The Sh200 million upgrade, the top-tier lender said, allows customers to make withdrawal requests via the mobile phone banking platform, which generates a special code to be used to withdraw cash at the ATM.

“The service will attract the same charges as the current ATM debit card withdrawal charges,” said head of retail banking David Idoru in a statement.

Clients can also share the code with third parties to withdraw cash from another ATM without revealing their passwords at no additional fees.

This may save them time and charges they incur in when they transact on mobile platforms such as M-Pesa.

“As soon as a client generates a voucher it is valid for two hours. If the voucher number is not utilised within the two hours, the transaction is reversed and the amount credited back to the client,” he said.


Read More


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@BusinessDaily

StanChart's Sh200m cardless ATMs go live

3 months ago, 19 Sep 17:38

By: Constant Munda

Standard Chartered Bank Kenya #ticker:SCBK has upgraded all its ATMs to enable customers make card-less withdrawals and transfer of funds directly to third parties.

The Sh200 million upgrade, the top-tier lender said, allows customers to make withdrawal requests via the mobile phone banking platform, which generates a special code to be used to withdraw cash at the ATM.

“The service will attract the same charges as the current ATM debit card withdrawal charges,” said head of retail banking David Idoru in a statement.

Clients can also share the code with third parties to withdraw cash from another ATM without revealing their passwords at no additional fees.

This may save them time and charges they incur in when they transact on mobile platforms such as M-Pesa.

“As soon as a client generates a voucher it is valid for two hours. If the voucher number is not utilised within the two hours, the transaction is reversed and the amount credited back to the client,” he said.


Read More

Category: business opinion news

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Marginalised counties demand Sh28.3bn from Treasury

Kenya’s poorest counties have teamed up to demand the release of Sh28.3 billion that the National Treasury has withheld over the years ...

Category: business corporate news
22 hours ago, 07:43
@BusinessDaily - By: Patrick Alushula
Lobby reads mischief in accountants transfers

ICPAK accuses govt of witch-hunt saying procurement and accounting officers have been denied access to their previous duties ...

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@DailyNation - By: Peter Changtoek
Summer flowers for small farmer

Thomas Sang grows flowers that he sells to a firm that exports them earning a tidy sum ...

Category: business news
1 day ago, 23:14
@TheStar - By: Abel Muhatia @muh ...
Kerosene and petrol prices slashed before Christmas

Poor households that largely depend on Kerosene for lighting and cooking will enjoy the fuel at a cheaper rate for the next one month following ERCs latest review.According to the review, the cost of ...

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Scientists note that the use of technologies and innovations like solar irrigation, digital agriculture, climate-smart agriculture and climate-smart breeding, is the only way to tackle the negative ...

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Financing through CSR

A few days ago, president Uhuru Kenyatta said that he would require banks to emulate KCB Group’s corporate social responsibility (CSR) programme and set aside funds for youth empowerment programmes. K ...

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