Bank’s Head of Channels Effie Malange said the launch of cash-deposit Machines is in line with the bank’s continued improvements in digital banking capabilities in response to increasing customer preferences.

“Provision of innovative solutions has become the new world order in
banking. In recent years, Standard Bank has been tuning up its
technology-based services with a view to providing convenience for
customers. Introduction of cash deposit machine is one of the
innovations that the bank is bringing in 2018 as we seek to take over
the digital banking space and move our customers forward,” said Malange.

Malange said the new service is available at Lilongwe branch of the bank
in Malawi soon it will be rolled out across all its key branches
countrywide.

“With cash deposit machines our customers will now be able to deposit
cash into any Standard Bank account. The service allows the customer to
deposit into their account and other customers’ accounts .

“The service is easy, fast and secured. We strongly believe that with the introduction of the cash deposit machine we will shorten customer queuing time while at the same time providing an alternative deposit channel for our customers,” she said.

She added that the introduction of Cash Deposit Machine is one of the
innovations that the bank is bringing in 2018 as it seeks to take over
the digital banking space and move our customers forward,

“We will continue with careful planning and continuous improvement of
our digital banking platform with the objective of giving our customers
peace of mind, security and flexibility–the same leverage enjoyed by all
our customers globally,” said the Head of Channels.

With cash deposit machines customers will be able to deposit cash into
any Standard Bank account. The machine allows the customer to deposit
into their account and other accounts.