New and Sustainable Revenue for African Banks Volume 1 Sep. 2013 | Page 2

Generating New & Sustainablecreate new sources of revenue for its clients, by assistRevenue
STPL in its 12 years of operations, has successfully modeled technology to

ing its clients in providing a differentiated value added service (VAS) to its end customers. STPL’s clients have not only created a
new source of income, but also gained market dominance in the electronic payment vertical. This document covers the business
model and the technology behind the success.
With the stiff competition in the banking and financial sector, with regulatory bodies governing rates and margins, banks are
looking at new arenas to generate sustainable new sources of revenue. Gaining market dominance in electronic channels is the
new ground to play, where banks are making substantial profits and at the same time providing the convenience of automation
to its end customers.