SPONSORED | StandardBankZA Instant Money footprint increases through spaza shops and informal market partnerships.
Standard Bank’s Instant Money footprint increases through spaza shops and informal market partnershipsFunds can be transferred using internet banking, ATMs, the banking app and cellphone banking.Standard Bank’s Instant Money cash transfer product has more than tripled its access points in nine months. Today, the bank announced that the service is now available at about 50,000 access points in SA. In November 2020 the bank had 15,000 access points.
Instant Money is a money transfer product that allows consumers who don't have a bank account to send and receive cash. Funds can be transferred using internet banking, ATMs, the banking app and cellphone banking. The service is also available at various retail partners. With Instant Money, a limit of R5,000 a day can be sent from PEP, Spar, Cambridge Food, Game, Makro, Builders warehouse and Rhino stores. Withdrawals can be made from the same stores as well as Kazang outlets, select OTT partner stores, Pick n Pay, Boxer, Shoprite, USave, Checkers, OK Furniture and House & Home nationwide.
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