BY AMBROSE GAHENE
Stanbic Bank launches “Kwata Kwata” Online Account opening campaign

BY AMBROSE GAHENE
Stanbic Uganda has launched a campaign dubbed “Kwata Kwata”, literally translated as “Get Get” in Luganda Language, aimed at rewarding customers who open personal bank accounts online.
According to the Stanbic Bank Manager, Digital and Social Media, Ms. Unnie Wamala, the revamped online account opening is intended to offer customers a quick, simplified and convenient way to open an account and get plenty of rewards after a series of successful transactions.
“We are excited to offer an easy platform for anyone who would like to open an online account with Stanbic Bank. As the bank that aims to make our clients’ dreams possible, it is important that we have an online gateway for customers to open accounts and unlock convenience”, she said.
She added that; anyone can open a personal bank account online with minimum fuss and yet win exciting cash prizes, while accessing world class banking services.
She emphasized that the “Kwata Kwata” campaign will be rewarding customers who open an account Online, deposit at least UGX 50,000 and transact five times or more with amazing cash prizes while enjoying a seamless on-boarding banking experience, with the best interest rates, digital interventions and customer service.
“The more you transact, the higher your chances are of winning bigger cash prizes.We are happy to be able to offer our customers the power of choice and freedom to pursue their dreams”, Wamala added.
She pointed out that Customers can now open accounts on the go using any camera compatible device such as laptop, tablet and smartphone.
“The application is web-based, accessible off the bank website www.stanbicbank.co.ug and compatible with all these devices. Customers do not need to download apps on their devices,” She emphasized.
Committed to digital transformation as an enabler to serve customers, Stanbic Bank says it will go a long way in making it easy to join the bank. “We only need a National ID/Student ID (for Ugandans), Passport and valid visa for Non-Ugandan nationals, a passport photo and a digital signature, one can take a selfie, a photo of the ID and in three simple steps, submit their application”, explained Wamala.
She said the service also provides the opportunity for customers to deposit and immediately start transacting any amount onto their account remotely using their ATMs, Cash Deposit Machines, Agents and Mobile Money right away.
Wamala said that this opens one to a world of digital platforms that offer instant digital loans in two minutes, online international payments, online forex, bill and school fees payments, plus accessing bank statements, all without visiting the branch.
“Now more than ever, we are committed to making our customers’ lives easy while also being cognizant of the current times, we have to adapt and adopt alternative platforms to do our banking. We strongly believe in putting our customers at the center of everything we do.
With this objective in mind, we have continued to introduce digital innovations and made improvements to our banking processes that have put our customers in greater control of their overall banking experience,” Wamala concluded.
Stanbic Bank Uganda is part of the Standard Bank Group, Africa’s largest bank by assets. Standard Bank Group reported total assets R2.3 trillion (about USD163 billion) at 31 December 2019, while its market capitalisation was R277 billion (USD20 billion).
The group has direct, on-the-ground representation in 20 African countries and in five global financial centres. Standard Bank Group has more than 1 100 branches and 9 000 ATMs in Africa, making it one of the largest banking networks on the continent. It provides global connections backed by deep insights into the countries where it operates.
Stanbic Bank Uganda provides the full spectrum of financial services. Its Corporate & Investment Banking (CIB) division serves a wide range of requirements for banking, finance, trading, investment, risk management and advisory services. Corporate & Investment Banking delivers this comprehensive range of products and services relating to: investment banking; global markets; and global transactional products and services.
Standard Bank’s corporate and investment banking expertise is focused on industry sectors that are most relevant to emerging markets. It has strong offerings in mining and metals; oil, gas and renewables; power and infrastructure; agribusiness; telecommunications and media; and financial institutions.
Stanbic Bank Uganda’s Personal and Business Banking unit (PBB) offers banking and other financial services to individuals and small-to-medium enterprises. PBB serves the increasing need among Africa’s small business and individual customers for banking products that can meet their shifting expectations and growing wealth