Standard Lesotho Bank Launches Free Online Banking

2020-03-27 00:00:00.0

In an effort to encourage social distancing and enable clients to transact with ease, Standard Lesotho Bank has launched data-free access on Standard Bank App and Internet Banking.

This new functionality allows Standard Lesotho Bank clients who are Vodacom subscribers, to access both Standard Bank App and Internet Banking at no cost. This concept is referred to as Reverse Data Billing. Standard Lesotho Bank will now bear the cost of data on behalf of its clients. This also serves as a response to the call by the World Health Organization (WHO) and the Ministry of Health to adopt ‘social distancing,’ as a means to combat and flatten the curve in the spread of COVID-19.

Clients who are already registered on Standard Bank App and Internet Banking can now enjoy this data-free benefit. Clients are encouraged to visit the nearest branch or contact their Banker for registration on Internet Banking. Thereafter they can download the Standard Bank/Stanbic App on PlayStore or AppStore to join over 70% of our clients who enjoy data-free online banking. Once registered, clients will then have access to the Bank’s services at their convenience.

“We are extremely delighted to introduce this development during such a critical time when we are facing the COVID-19 global outbreak. This new offering comes at a time when we, as the Standard Lesotho Bank are encouraging clients to reduce instances of going into branches and ATMs, in order to encourage Social Distancing, to help reduce the potential threat of coronavirus spread, which has now been declared as a global pandemic by the World Health Organisation” says Selloane Tsike, Head of Personal and Business Banking.

Ms. Tsike encouraged all Standard Lesotho Bank clients to take advantage of this data-free offering and urged them to make the use of Standard Bank App and Internet Banking a habit due to their convenience of 24/7 availability of both channels.

Reverse Data Billing currently applies to Vodacom subscribers only. Plans are already at an advanced stage to also provide this service to Econet Telecom subscribers.