SOUTH AFRICA – South African retailer Pick n Pay has partnered with Standard Bank to foster easy, faster and convenient mode for customers to pay for groceries at the supermarket outlet.
The commercial bank has launched Standard Bank’s EasyScan, a new service that will enable customers to pay for their shopping using the Standard Bank Mobile Banking app.
Standard Bank customers registered on the Banking App can scan the QR code at a Pick n Pay till point and pay via the Banking App.
“Anyone with a Standard Bank account can pay using EasyScan. Download the Standard Bank Mobile Banking App to use this easy, non-card and secure payment method.
“Standard Bank’s Mobile Banking App is also zero data rated, which means customers can pay for their shopping even when they don’t have data,” said Kabelo Makeke, Head of Consumer and High Net Worth Clients at Standard Bank South Africa.
The new service will also enable customers to keep track of their expenditure as all purchases will reflect on the statement.
“Our customers love convenience and the EasyScan innovation is another way we are enhancing their shopping experience.
“There is no need for them to keep their cash and cards on them, and they make no contact during the transaction,” says John Bradshaw, Head of Omnichannel at Pick n Pay.
This comes after the parties had earlier forged a partnership to establish Standard Bank in-store branches within selected Pick n Pay stores.
These convenient Standard Bank in-store branches combine the benefits of digital and physical banking, enabling on-demand access to financial services that fit into a customer’s daily routine.
The financial institution has recently been shifting focus to the retail sector as it recently partnered with Woolworths to execute its first sustainability-linked loan in the South African retail sector.
The R1.15 billion (US$79 million) sustainability-linked loan is aimed at promoting the achievement of various sustainability targets, demonstrating Woolworths’ commitment to environmental, social and governance (ESG) principles and realising its vision to be one of the world’s most responsible retailers.
Sustainability-linked loans tie the terms of funding to ESG outcomes to support and incentivise responsible corporate behaviour and the creation of shared value.
The structure of this facility aligns Woolworths’ financing decisions with its sustainability strategy, providing reducing interest rates depending on performance against a combination of sustainability performance targets.
It is also very strongly aligned to Standard Bank’s own SEE (Social, Economic and Environmental) impact framework.