The list of the bank’s new major retail partners for the cardless money sending service include Pick n Pay, Shoprite, Usave, Checkers, House and Home and OK furniture.
Capitec’s Send Money feature, which operates in a similar manner as Instant Money, has also recently expanded from Shoprite, Usave and Checkers, with Game, Makro, Pick n Pay and Builders added to their expanded list of retail partners. “Innovation and access to financial services is crucial for Standard Bank and that is why we have expanded our retailer footprint to offer our customers more options for using Instant Money, which is designed to make transactions faster and more convenient,” said Ethel Nyembe, the head of card and payments at Standard Bank.
He said the cardless money service was in high demand during lockdown weekends, school breaks and holidays, as well as at month-end.
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