Steward Bank and Youtap Launch Mobile Money Services

  • Youtap and Steward Bank to launch Zimbabwe’s latest digital payments service
  • Aims to improve financial inclusion with mobile payments by making it easier and safer to transact

Singapore and Harare, Zimbabwe – Leading Zimbabwe financial institution Steward Bank and Youtap have partnered to launch, contactless payment services for Steward Bank customers in Zimbabwe.

The new service provided will allow customers to use e-money to pay at the point of sale and for selected transport services. The core payment services will be complemented by agency banking solutions which include digital peer to peer transfer services alongside loyalty and rewards programs and much more.

Another added bonus of the new service being introduced is that it will be able to be rolled out using Youtap’s Digital Banking solution allowing Steward Bank to reach customers who have been left behind by legacy systems. Agency banking solutions built around a digital wallet will allow Steward Bank customers to have greater access and control of their accounts.

Chris Jones, CEO and Founder of Youtap, was enthusiastic, saying, “We are excited to work with Steward Bank on this launch. They have consistently shown leadership in bringing banking in Zimbabwe into the digital age.”

Mr. Jones continues, “ We are also firmly committed to financial inclusion and we believe the rollout of this new service will be a boost to consumers, merchants and others who have been underserved by traditional financial services institutions. We are excited the further enhance the access of financial services through mobile platforms that fit the needs of the people that need them most.”

For further media enquiries contact:

Matt Hardy – Head of Communications, Youtap


About Steward Bank:

Steward Bank was launched in July 2013 following Econet Wireless Zimbabwe’s acquisition of TN Bank, a subsidiary of TN Holdings Limited (now known as Lifestyle Holdings). Following its launch, the Bank has since positioned itself as a mass-bank, focused on providing banking solutions through the use of technology.

It is the first bank in the country to have convergence with telecommunications and together with its technology focus the bank is set to change the way Zimbabweans view banking.

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