Port Elizabeth's Nelson Mandela Metro University (NMMU) has awarded Standard Bank Group, the tender to provide transactional banking services to the university for the next five years. This South African university is giving the bank the opportunity to strengthen its presence in the province where it was founded.
Standard Bank Group will provide full transactional banking services to staff and students. They will also open a branch and install ATMs at the university's main campus located in Port Elizabeth and satellite campus in George.
Standard Bank Group already provides transactional banking services to a number of the country's premier tertiary institutions, including Unisa; University of KwaZulu-Natal and Stellenbosch.
Bongi Kunene, Head of Public Sector banking at Standard Bank Group, said: "the NMMU account consolidates Standard Bank Group's position in the Eastern Cape Province, where the banking group was founded in the late 19th century."
"We are very proud of this win because it gives us a stronger platform from which to grow and consolidate our leading position in the Eastern Cape, where Standard Bank Group has its roots. We offered a robust value proposition to NMMU. This is further confirmation of our capabilities to provide services and products of unmatched value. The fact that we have the best banking channels and are a one-stop shop bank resonates with a lot of our clients. Standard Bank Group has the most extensive and unrivalled footprint in the Eastern Cape. For us, any new business that we get in the province further strengthens our roots there", adds Kunene.
She says, providing banking services to NMMU and other tertiary institutions is also proof of Standard Bank Group's commitment to supporting higher education in South Africa.
"Standard Bank Group regards education as one of the key levers for unlocking economic growth potential in Africa. We believe that Standard Bank Group is playing a crucial role in supporting tertiary institutions by facilitating easier and better means of transacting between universities and their stakeholders. This ensures easy payment, quick recognition of payment, security and lower risk."
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