First introduced in the early 1980s in New York and the UK, internet banking gained increasing popularity in South Africa from 2004. More banks in South Africa are shifting their business to the digital platform.
The outlook for online banking in South Africa is positive. The growth in the mobile market sector as well as technology in general on the African continent has created numerous opportunities for digital banking platforms. Banks are able to created tailor-made solutions for specific consumers within the unique African market.
Services generally provided by internet banking
- Being able to transfer funds
- Airtime and data purchases
- Forex trading services
- Being able to edit recipients
- Scheduling payments
- Buying prepaid electricity
- Buying smart devices
- Applying for loans
With a 154-year history in South Africa, Standard Bank offers clients a wide range of financial services. As a way of providing clients with easy banking solutions, Standard Bank internet registration is convenient and simple.
The service makes it easy for clients to perform numerous banking services by using Standard Bank internet banking. Research has shown that 74% of South African internet users use computers for online payments while 32% use smartphones. This trend looks set to rise as more individuals have access to mobile technology on the African continent.
How the Standard Bank internet banking registration process works
- Create a profile with your unique username and password.
- Link your Standard Bank card to your new profile.
- Start banking.
What you need to register
- At least one Standard Bank account linked to a Standard bank card.
- Click on the “New Registration” option on the left hand menu.
- Enter your card number and ATM PIN and click on the “Register” button.
- Follow instructions to complete the process