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Keystone Bank E-Banking Solutions: Secure, Convenient, Reliable

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Keystone Bank E-Banking Solutions: Secure, Convenient, Reliable

Keystone Bank E-Banking Solutions: Secure, Convenient, Reliable

By Modupe Gbadeyanka

Keystone bank is one of the flagship financial institutions in Nigeria offering robust, convenient and reliable self-service banking products to customers.

The Keystone Mobile App

The Keystone Mobile App launched about a year ago comes with enhanced capacity, higher compatibility with smart phone types and much more functionality as well as very limited failure rate. The enhanced Mobile banking app has increased customer users on the platform by 40,000 new users.

The Mobile App allows Keystone Bank customers carry out a wide range of banking transactions from their Keystone Bank accounts including flight ticket bookings, funds transfer, electronic bill and utility payment, account balances and mini statement. The bank also uses the product to drive Financial Inclusion and Sustainable Banking policies of the Central Bank of Nigeria (CBN).

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Card Payment on the web

The card payment on the web comes with secure authentication methods and makes payment across the globe on all platforms. The bank offers a web and branch based payment option for electronic bills collection (E-Bills) which gives companies same day delivery of funds irrespective of the bank where transaction was initiated as well irrespective of the channels (Branch collection, Internet banking and Mobile) that was used for the payment.

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The E-Bills Collection Platform handles different customers (Private & Public sector). Included within the scope of the e-Bills collection platform are pre-payments and post-payments for goods and services such as utility bills (water rate, electricity bills, telephone bills, etc.), purchases, various categories of revenue collections, and other fees e.g. subscriptions, levies, premiums etc.

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Keystone Bank Payroll Management System

The Keystone Bank Payroll Management System is designed to interface with its customers’ database to generate payment schedules for salaries, remuneration, emoluments and other benefits.  With the details obtained from the database, the payroll solution computes automatically the amount due each employee by making use of  both generic and specific information fed into the system  that relate to payroll and payment for various cadre of staff.

Modupe Gbadeyanka is a fast-rising journalist with Business Post Nigeria. Her passion for journalism is amazing. She is willing to learn more with a view to becoming one of the best pen-pushers in Nigeria. Her role models are the duo of CNN's Richard Quest and Christiane Amanpour.

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Banking

FG Lauds Ecobank’s Efforts to Boost Trade in West Africa

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By Ashemiriogwa Emmanuel

The federal government has applauded Ecobank for making efforts to boost trade in West Africa, calling on other stakeholders to join forces to make the sub-region a formidable force on the continent.

The Minister of Industry, Trade and Investment, Mr Niyi Adebayo, who gave this commendation at an event held recently, expressed optimism that a sustained collaboration with the organized private sector would enrich and improve commerce and the economy of nations in West Africa.

Mr Adebayo was a special guest of honour at a webinar organised by the Lagos Chamber of Commerce and Industry (LCCI) to commemorate the 46th anniversary of the Economic Community of West African States (ECOWAS) on Monday.

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Also speaking at the virtual event, the LCCI president, Mrs Toki Mabogunje, explained that the forum was put in place to explore the opportunities and challenges of economic integration for stakeholders and for ECOWAS member states.

She said through the programme, the LCCI hopes to examine the various trade policies, intra-regional commerce, smooth integration between member states and potential markets with borderless opportunities.

Mrs Mabogunje assured that her organisation will continue to partner with ECOWAS institutions to actualize its objective of creating wealth, ensuring economic integration, and staying committed to peace and development.

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In his contribution, the Managing Director of Ecobank Nigeria, Mr Patrick Akinwuntan, reiterated that the Pan African bank has maintained the status of being the payment gateway for Africa.

He noted that Ecobank was present in all ECOWAS member states and will continue to encourage trade and economic activities through its wide pan-African network by utilizing its knowledge, footprint, and payment channels.

“We have a platform that leverages technology which enables businesses within ECOWAS to operate as one market.

“In terms of payment and collection, we have just one banking platform that serves an entire industry. If you are an individual and you open an account and get our mobile app, you have access to the 33 countries where we operate, and you can transact across these countries.

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“It is a payment switch that ensures payment without going through ‘Swift’ but ensures instant value across the network.

“For businesses, we have Omni platform, which is a web-based payment platform that enables you to first see your position across the 33 countries and make instant payment,” Mr Akinwuntan said.

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Banking

Standard Chartered Introduces Flexible Payment Plan for Customers

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Standard Chartered Bank Nigeria

By Ashemiriogwa Emmanuel

Customers of the Standard Chartered Bank Nigeria (SCBN) Limited with credit cards can now purchase items from stores and pay in instalments as the banking institution has introduced a new initiative called Easy Payment Plan (EPP).

The lender, in a statement, explained that the EPP, a flexible payment plan, allows its credit cardholders and new clients that sign up for the credit cards to choose an instalment plan at a reduced interest rate for bulk purchases made.

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The Head of Personal Banking and Alliance, Mr Bonaventure Odukwe, further explained that customers can spread the repayment of items purchased at their favourite stores in equal instalments for a period ranging from three, six, nine to 12 months at a reduced interest rate of 1.5 per cent each month.

He also added that the solution allows customers to earn reward points when they make purchases and discounts at select merchant locations.

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According to him, “EPP attracts no processing or liquidation fees and gives our esteemed clients the opportunity to enjoy the lifestyle that they want now while ameliorating the stress of paying at once.”

“For us, this is one of the many ways that we continue to offer value to our clients, support their financial goals and reiterate that we are here for good,” he added.

Mr Odukwe noted that the EPP solution was one of the many ways in which the bank brings convenience and flexibility to its customers.

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SCBN is a subsidiary of Standard Chartered Plc, a company listed on the London and Hong Kong Stock Exchanges as well as the Bombay and National Stock Exchanges in India.

The parent firm is a leading international banking group, with around 70,000 employees and a 150-year history in some of the world’s most dynamic markets.

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Banking

Wema Bank Unveils Tuition-Free Business School for SMEs

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By Ashemiriogwa Emmanuel

Wema Bank Plc has launched a free business school streamlined for Small and Medium Enterprises (SMEs) as part of its commitment to the growth and development of Nigerian business owners.

The tuition-free business school was unveiled on Wednesday and was designed to equip 3,000 SMEs in the next two years with the fundamental knowledge required in business management so as to help-seeking business owners thrive efficiently in their ventures.

Speaking on the development, the bank’s retail divisional head, Mr Dotun Ifebogun, said the free program was created to solve the problem of poor business structure and management faced by most SMEs in the country by closing the yawning gap of ignorance.

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According to him, “As an SME-friendly bank, we understand that starting and running a business in Nigeria is no small feat, and there are lots of challenges that SMEs face.

“We have launched the SME business school to equip them with relevant and practical knowledge to guide them in the effective running of their business and to surmount any challenge they encounter.

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“We realized we can tackle problems such as access to finance, market access, dealing with tech disruptions and multiple taxation. We decided to drive this with the business school.

“The idea is to provide advisory services and equip them with fresh ideas and insights to take their business to another level.”

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He also mentioned that the bank has the support from Frankfurt School of Finance and Management in Germany and capable facilitators from outside Nigeria to see the program through.

The school, as explained by the retail divisional head, will hold twice a year across different regions in the country, kicking off in Lagos with online and in-class sessions which will stretch for five days.

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