Stanbic Bank Botswana has launched a prepaid card which allows individuals, businesses and corporates to make payments without a bank account. The card can have a maximum balance of P70,000.
According to the bank, after using the self-service portal to fund the card, holders can use it to transact both domestically and internationally. The card can be utilised through Point of Sale (PoS) transactions, bill payments, ATM Cash Withdrawals and Online payments.
“The Prepaid Card provides flexibility and enhanced financial control, aspects which matter to customers. In today’s economy, where a more prudent management of finances is important, we believe this will add great value to customers at the same time making dreams possible to support our purpose of driving Botswana’s growth,” said Portia Motshegare, Stanbic Bank Botswana’s Head of Personal and Private Banking.
The card's security features include 3D security via one-time password (OTP) authentication for safe online shopping.