Standard Bank and SAP Bring Mobile
Banking to Over Half a Million
Standard Bank’s New Mobile AccessAccount
Reaches Low Income Individuals,
SAP AG (NYSE:SAP) today announced that Standard Bank has
been successful in introducing its new AccessBanking offering
in South Africa, aimed at meeting the banking needs of the
previously “unbanked.” This includes the AccessAccount, a
transactional banking account based on SAP Mobile Platform.
SAP Mobile Platform integrates SAP and third-party back-end
systems, which allows users to create visually rich mobile apps
to extend the information from enterprise systems straight onto
mobile devices. Since its inception in March 2012, the model
has attracted more than 550,000 new customers onto the
AccessAccount.
According to research, 22 million South Africans earn less than
ZAR 3,000 a month and of that figure, 66 percent do not have
bank accounts. With the app, sales agents — or AccessAgents
— can sign- \