StanChart launches Straight2Bank m-wallet service in Kenya

Monday 16 September 2013 10:14 CET | News

Indian financial institution Standard Chartered has launched Straight2Bank Mobile Wallet, a mobile payment service for corporate clients in Kenya, in partnership with mobile network operator Safaricom’s M-PESA wallets, online media outlet reveals.

According to the source, this service enables clients such as development organizations, insurance companies and consumer goods (FMCG) firms to make payments to both banked and unbanked consumers such as aid workers, policy holders and farmers through their M-PESA mobile wallet.

M-PESA is a mobile-phone based electronic payments system launched by Safaricom in 2007. M-PESA allows individuals and corporates to exchange cash and electronic money through a network of 65,000 agent outlets in Kenya.

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Keywords: StanChart, Straight2Bank, m-wallet, Kenya, mobile payment
Categories: Payments & Commerce
Countries: World
This article is part of category

Payments & Commerce