Standard Bank’s Low-End Market Plan
Standard Bank is deliberately silent on its strategy to meet the bottom of the market this highly competitive sector to work through “bank shops” and loan centers. We have deliberately not said much about the mass bank or the bottom of the market,” as we “think is the next stage of the competition in South Africa and we would only start talking [about] when we get things done.”Bank shops” and the loan centers aimed at the mass market installed. He said that Standard Bank was devoted to an inclusive banking and mobile banking assets had improved. We have 7,500 bank shops where people can actually do banking at a cost acceptable to them installed and we are rolling out more of this opportunity.
Adding the bank had more than 50 loan centers installed. The 50 loan centers in places close to where this customer base and focus on their needs of these customers. According to Standard Bank, 1000 of the “bank shops” are full service stop money transfers, airtime sales and basic banking services. The “bank shops”, said Standard Bank had cash and cash-out facilities and balance inquiry. The bank said it also offered the client an opportunity to buy goods in the bank “shop”. Capitec is making a killing in the low-end market, and even attracting a number of middle-income South Africans with its simple and affordable banking.