Stanbic launches cashless move with Mandela

April 11, 2017 in Companies, Financial Services, Technology & Telecoms by Editor

April 11—Stanbic Bank Uganda (SBU) customers can now use their credit or debit cards to pay for services at any of the Mandela Group outlets including CaféJavas, CityOil, Savers or City Tyres.

Speaking at the launch of the ‘Go Cashless’ campaign Roselyn Najjuma, SBU’s Head of Products said, “We are pleased to be partnering with the Mandela Group to provide customers with greater flexibility and a seamless way to make their purchases at their favourite Mandela Group outlets.”

She said, “By using any debit or credit card, customers can confidently carry out transactions without the inconvenience of carrying cash.”

When an SBU customer presents their card, it will be swiped by an attendant using a Point of Sale machine. However, the customer will also be required to privately enter a PIN (Personal Identification Number) to complete the purchase.

Once the transaction is carried out (usually within seconds), the customer will receive a receipt confirming the amount of money withdrawn from their account, as well as an SMS message confirming the transaction.

Venkatesh Kumar, the General Manager of Mandela Group said, “We are excited about our partnership with Stanbic Bank. For the next 30 days every purchase of UGX 50,000 (nearly $14) and above made at any CaféJavas, CityOil, Savers or City Tyres outlet using one’s credit or debit Card will be rewarded with a guaranteed prize on the spot. Once you complete the transaction, you’ll be given free shopping vouchers.”

Using a debit or credit offers several conveniences for customers including an easy way to track expenditure.

Transactions can be quickly carried out at whatever time of day or night. This means more time to focus on other pressing matters and the card gives customers greater flexibility, convenience, and safety.