KABANDA CHULU, Lusaka
STANDARD Chartered Bank has launched the Infinite Credit Card, the first of its kind on the Zambian market that is expected to make banking easier, convenient and safer.
The card has a minimum threshold of K14,000 and a maximum amount of K250,000 and it comes with the Excellent Rewards Programme that will be earned with points to be redeemable on travel, shopping and dining, amongst others.
Officially launching the credit card on Thursday night, Ministry of Commerce, Trade and Industry permanent secretary Kayula Siame said Government is committed to enhance the ease of doing business in Zambia through the implementation of various measures across several sectors of the economy such as on-line Business Registration System and the Tax online System.
“As Government, we are determined to support efforts which add to Zambia’s competitiveness in the global economy, such as the one we are launching. This is why I want to congratulate Standard Chartered on the first Infinite Credit Card on the market.
“We believe this will widen the product offering in the market and indeed contribute to Zambia’s global ranking on the Ease of Doing Business Index,” Ms Siame said.
The Infinite Credit Card demonstrates how the Zambian banking industry is keeping abreast of a new era of transacting, where information and communications technology keeps improving.
“We are moving away from cash-based trading and going digital. Using digital payment platforms is not only safer, but it is also convenient and saves you time and money. It can also come with rewards, as the Standard Chartered Credit Card has shown us.
“The global shift to the use of mobile phones to transact presents a turning point for businesses in emerging markets like Zambia. More and more people, and indeed businesses, are increasingly relying on their smartphones to do business,” she said.
Earlier, the bank’s managing director Herman Kasekende said the new credit card is fully integrated onto the bank’s existing world-class mobile applications as well as the online banking platform.
“The key to our ability to remain operational after over a century in Zambia, is our ability to innovate, identify your changing needs and adapt our priority product and service offering,” he said.