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Standard Bank to launch new forex trading app

Standard Bank to launch new forex trading app

Standard Bank will unveil a new forex trading app, set to go live on the Apple and Android app stores over the coming days.

Through the new app, customers will be able to buy a number of different currencies at a live rate, and store the funds digitally.

Standard Bank said in July that its mobile traffic is growing  at 100% annually as customers embrace more convenient and efficient solutions for their banking needs.

During 2015, 825 million financial transactions worth R430 billion were processed through the banking app.

As a consequence of this, branch transactional volumes have declined and ATM and branch transactions now make up less than 5% of total banking transactions.

The bank said that 95% of its transactions are already electronic, while it is processing substantial volumes, with approximately 570 million transactions processed in 2015, 27% more than in 2014.

Read: Standard Bank launches UCount for business – here’s how it works

BusinessTech's Staff Writer is directly plugged into the South African Internet backbone, and spits out press releases and other news as they receive it. They are believed to be cl...
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  • Nice

  • Blapartheid Zulu

    time to open another account….

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