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Business Reporter
Stanbic Bank Zimbabwe has embarked on an exercise to expand its Automated Teller Machines (ATMs) in response to growing client demands.
The bank is installing ATMs in several new locations across Zimbabwe, particularly in areas where it has no branch.
Stanbic Bank head of personal and private banking/ retail banking, Mr Nelson Muhau, said this strategic move aims to increase accessibility and convenience for clients.
Mr Muhau said the Standard Bank Group subsidiary, recently installed ATMs in Marondera, Makoni, and Masvingo, and is targeting several other towns around the country with Kariba set to be up and running next month.
“These ATMs provide a full range of services, including cash withdrawals for Visa and MasterCard holders and the ability to deposit cash into any Stanbic Bank account,” said Mr Muhau.
He said this dual functionality is designed to meet the client’s diverse needs, ensuring they have easy access to essential banking services.
Additionally, the ATMs are accessible 24 hours a day, offering clients round-the-clock banking convenience.
Mr Muhau said the decision to expand the ATM network follows numerous requests from clients seeking more convenient banking options in various provinces.
He said by extending its digital footprint, Stanbic Bank aims to enhance client satisfaction and foster greater financial inclusion across Zimbabwe.
“Stanbic Bank is also rolling out bulk note acceptors, further enhancing the functionality of its ATMs. Last year, the bank installed 13 bulk note acceptors and plans to deploy more,” said Mr Muhau.
He said this technology allows clients to deposit large amounts of cash without entering a banking hall.
Bongani Ndlovu
Online Reporter