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StanChart eyes lower ATM costs with card shopping

Standard Chartered Bank Kenya Head of Retail Banking David Idoru (right) with Visa country manager Victor Ndlovu (left) on May 21, 2018. PHOTO | DIANA NGILA | NMG

By  CONSTANT MUNDA

Correspondent

Clients of Standard Chartered Bank #ticker:SCBK will earn loyalty points for shopping using their debit cards, the lender announced on Monday, in a bid to lower costs for operating Automated Teller Machines (ATMs).

StanChart has partnered with card payments giant Visa to extend the scheme, which has been available to credit card holders for two years, to debit card holders who dominate the Kenya's under-utilised payment cards market.

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Note: The results are not exact but very close to the actual.

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