• Mr President, direct appointment is not a panacea for corruptionJune 2, 2025
    Botswana is in the storm of procurement corruption that has been left unattended for the longest time. Yet it appears it is difficult if not impossible to craft long-lasting solutions to as far as possible, cure procurement corruption because… Read more: Mr President, direct appointment is not a panacea for corruption
  • ‘Raise capital through BSE’June 2, 2025
    • BSE CEO implores CEEP beneficiaries • BSE, Debswana, Stanbic partner to unlock growth BAKANG TIRO editors@thepatriot.co.bw Beneficiaries of Debswana Diamond Company Citizen Economic Empowerment Programme (CEEP)have been encouraged to raise capital in the Botswana Stock Exchange (BSE). This… Read more: ‘Raise capital through BSE’
  • ‘Give us our land back’- SaleshandoJune 2, 2025
    Demands return of 22 000 ha in Okavango Delta to Ngamiland residents Accuses Masisi govt of land grabbing, calls for restoration of tribal Land SOLOMON TJINYEKA editors@thepatriot.co.bw RelatedPosts ‘Raise capital through BSE’ ‘Give us our land back’- Saleshando Mining… Read more: ‘Give us our land back’- Saleshando
  • Mining sector endures worst recessionMay 27, 2025
    Mining shows zero confidence on better business conditions Weaker global demand of rough diamonds trouble the sector Other sectors optimistic about improved conditions in 2025   BAKANG TIRO RelatedPosts ‘Raise capital through BSE’ ‘Give us our land back’- Saleshando… Read more: Mining sector endures worst recession
  • Who is the PSP PROTECTING?May 27, 2025
    “She is protecting those facing corruption probe, hence removing DCEC intelligence head”- claim The DCEC recently confirmed that it was investigating some senior govt officials   DITIRO MOTLHABANE RelatedPosts ‘Raise capital through BSE’ ‘Give us our land back’- Saleshando… Read more: Who is the PSP PROTECTING?
  • Home
  • News
  • Business
  • Lifestyle
  • Sport
  • Analysis & Opinions
  • Vacancies & Tenders
  • Login
  • Register
Tuesday, June 3, 2025
17 °c
Gaborone
21 ° Tue
22 ° Wed
24 ° Thu
26 ° Fri
The Patriot On Sunday
Advertisement
  • Home
  • News
  • Business
  • Lifestyle
  • Sport
  • Analysis & Opinions
  • Vacancies & Tenders
No Result
View All Result
Cart / $0.00

No products in the cart.

  • Home
  • News
  • Business
  • Lifestyle
  • Sport
  • Analysis & Opinions
  • Vacancies & Tenders
No Result
View All Result
The Patriot On Sunday
No Result
View All Result
Home Business

Stanbic launches Unayo

patriot by patriot
October 7, 2021
in Business
245
0
Samuel Minta

Samuel Minta

491
SHARES
1.4k
VIEWS
ShareShareShare

Stanbic Bank Champion Digital Transformation and Financial Inclusion for All with Revolutionary “Unayo”   

By Samuel Minta*

RelatedPosts

‘Raise capital through BSE’

Mining sector endures worst recession

VP applauds the Northern Trade Fair

The power of the internet, combined with the use of mobile phones and tablets has completely changed the way people live, work, and conduct business. The challenge of physical distance disappears in a digital world. The Fourth Industrial Revolution (4IR) has become a powerful force for the socio-economic good of societies.

Stanbic Bank Botswana has leveraged 4IR to create a services platform or digital marketplace for commerce and payments. This marketplace is christened “Unayo”, meaning “you have it”. The power of Unayo is transformational for bringing the purpose of the bank to live in many ways.

Banks have traditionally focused on a small segment of the population who could demonstrate proof of income, known as the bankable population, constituting just about 20% (0.5 million) of the population in Botswana. The reality is that people become financially active from the age of 16 years, constituting about 70% (1.7 million) of the population in the country. Herein is the challenge for financial inclusion as a tool for driving economic diversification and growth.

Stanbic Bank is pleased to leverage Unayo to find new ways to make dreams possible around the following:

  1. Availing a digital marketplace for communities and businesses, including youth-owned businesses across the country. This is a key “access to market” intervention under the “Acceler8 4XFour” model
  2. Deepening of informal businesses, providing them the opportunity to receive and send payments to mobile recipients on all telco networks as well as banks
  3. A lifestyle platform with a superior digital client experience than in-branch experience and brings Stanbic Bank to every corner of the country
  4. Support to the local fintech community as Unayo will avail APIs  for local firms to develop digital solutions for the Unayo platform. Consumers want functionality and seamless experiences, and this is precisely what the Bank strives to deliver through Unayo, going well beyond a simple payment capability.
  5. Ultimately delivering stronger economic diversification and prosperity for the country

This is what Unayo strives to do. We have leveraged technology, data and collaboration in our journey towards a platform-driven and inclusive business for and with our customers.

Unayo works to empower businesses or individuals to transact seamlessly and in the most wholly inclusive, safe and convenient manner, driving economic empowerment and diversification through creation of the right kind of ecosystems. Unayo is inclusive and for everyone via Mobile App and shortcode *200# – individuals, traders, general dealers, social clubs, small and medium business, corporates, suppliers and customers – anyone and everyone.  Furthermore, anyone can sign-up as a merchant and earn commission for processing cash-in and cash-out transactions. Merchants can also use Unayo to receive payments on the spot from their clients. In doing so, we are working to support our youth entrepreneurship and employability agenda further.

It is all about that connected community and providing a platform for value to flow better, faster and safer. By offering an easy, low-cost way to send and receive money, as well as enabling market access to small businesses, Unayo will also help more citizens and foreign nationals in every corner of the country become actively involved in the national economy, thus bringing ultimate convenience and inclusion.

We are addressing the unsolved needs of communities through digital innovation and accessibility and doing so in line with the Vision of Botswana, the Bank of tomorrow, and the consumer of the future.

*This editorial was developed by Stanbic Bank Botswana Chief Executive, Samuel Minta

Related

Get real time update about this post categories directly on your device, subscribe now.

Unsubscribe
Previous Post

Botswana posts 6 finalists for the Women in Africa WIA54 programme

Next Post

COVID-19 deepens Botswana’s public debt

Related Posts

‘Raise capital through BSE’
Business

‘Raise capital through BSE’

June 2, 2025
Mining sector endures worst recession
Business

Mining sector endures worst recession

May 27, 2025
VP applauds the Northern Trade Fair
Business

VP applauds the Northern Trade Fair

May 26, 2025
ALC’s STRATEGIC investment
Business

ALC’s STRATEGIC investment

May 19, 2025
Stanbic boosts green economy
Business

Stanbic boosts green economy

May 12, 2025
STRONG, FOCUSED FORCE OF NATURE
Business

STRONG, FOCUSED FORCE OF NATURE

May 7, 2025
Next Post
COVID-19 deepens Botswana’s public debt

COVID-19 deepens Botswana’s public debt

Please login to join discussion
  • Mr President, direct appointment is not a panacea for corruptionJune 2, 2025
    Botswana is in the storm of procurement corruption that has been left unattended for the longest time. Yet it appears it is difficult if not impossible to craft long-lasting solutions to as far as possible, cure procurement corruption because… Read more: Mr President, direct appointment is not a panacea for corruption
  • ‘Raise capital through BSE’June 2, 2025
    • BSE CEO implores CEEP beneficiaries • BSE, Debswana, Stanbic partner to unlock growth BAKANG TIRO editors@thepatriot.co.bw Beneficiaries of Debswana Diamond Company Citizen Economic Empowerment Programme (CEEP)have been encouraged to raise capital in the Botswana Stock Exchange (BSE). This… Read more: ‘Raise capital through BSE’
  • ‘Give us our land back’- SaleshandoJune 2, 2025
    Demands return of 22 000 ha in Okavango Delta to Ngamiland residents Accuses Masisi govt of land grabbing, calls for restoration of tribal Land SOLOMON TJINYEKA editors@thepatriot.co.bw RelatedPosts ‘Raise capital through BSE’ ‘Give us our land back’- Saleshando Mining… Read more: ‘Give us our land back’- Saleshando
  • Mining sector endures worst recessionMay 27, 2025
    Mining shows zero confidence on better business conditions Weaker global demand of rough diamonds trouble the sector Other sectors optimistic about improved conditions in 2025   BAKANG TIRO RelatedPosts ‘Raise capital through BSE’ ‘Give us our land back’- Saleshando… Read more: Mining sector endures worst recession
  • Who is the PSP PROTECTING?May 27, 2025
    “She is protecting those facing corruption probe, hence removing DCEC intelligence head”- claim The DCEC recently confirmed that it was investigating some senior govt officials   DITIRO MOTLHABANE RelatedPosts ‘Raise capital through BSE’ ‘Give us our land back’- Saleshando… Read more: Who is the PSP PROTECTING?
The Patriot On Sunday

© 2024 Copyright The Patriot On Sunday - Inspired by Search Mart.

Navigate Site

  • About Us
  • Advertise
  • Disclaimer
  • Contact Us

Follow Us

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Login
  • Sign Up
  • Cart
  • Home
  • News
  • Business
  • Lifestyle
  • Sport
  • Analysis & Opinions
  • Vacancies & Tenders

© 2024 Copyright The Patriot On Sunday - Inspired by Search Mart.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.
Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?