Standard Bank’s new R5 account MyMo

PUBLISHED: Wed, 22 May 2019 11:26:14 GMT

Shifting consumer preferences and increasing competition are creating new challenges for banks. Traditional banks like Standard Bank are trying to find solutions that will keep them relevant to a younger demographic. CEO for Personal and Business Banking at Standard Bank, Funeka Montjane spoke to CNBC Africa’s Kopano Gumbi about the bank’s new product offering, MyMo.

Sign Up for Our Newsletter Daily Update
Get the best of CNBC Africa sent straight to your inbox with breaking business news, insights and updates from experts across the continent.
Get this delivered to your inbox, and more info about about our products and services. By signing up for newsletters, you are agreeing to our Terms of Use and Privacy Policy.