Absa Bank Botswana Introduces “Spark by Absa” Digital Wallet

Gaborone, December 2021 – Absa Bank Botswana has announced the launch of an innovative digital wallet, dubbed Spark by Absa. The new solution exists in ‘the cloud,’ allowing customers to transact and make various payments without the inconvenience of going into a branch. Spark by Absa is aligned to the bank’s strategic goal of being digitally driven as well as its commitment to enhancing its current digital ecosystem. Spark by Absa will significantly improve customers’ ability to transact with ease while growing and promoting financial inclusion..Through Spark by Absa, the bank remains steadfast in its commitment to reach the unbanked population across different geographical markets as the digital solution supports financial transactions for both Absa and non-Absa customers.“As Absa Bank Botswana, we are always looking for ways to extend financial services to Batswana. We also recognise that technology plays an integral role in driving financial inclusion. Through innovative and purposeful technological advancement, we have the opportunity to expand access to the formal financial economy to the unserved and underserved. Spark by Absa is the ideal solution to address this important gap in financial inclusion. We are therefore excited to serve Batswana’s banking needs conveniently and safely through this new offering,” said Valeta Mthimkhulu, Retail Director at Absa Bank Botswana..Spark by Absa is offered to customers through two channels, being the Spark by Absa Banking App and USSD (*161*234*5#). The solution creates and allows an ecosystem where a wide variety of customers interconnect to carry out financial transactions on the same platform. These transactions include: Money transferBill payments – WUC, Prepaid Electricity, DSTVBuy airtime – Mascom, Orange, BTCPay via QR CodeWallet on POS paymentsSend Money Request to another digital wallet userBank to walletWallet to bankATM cash OutCard to wallet transactions.The Bank will be enabling the formal and informal Businesses with Spark by Absa QR payment codes that will make contactless Instant payments between Individual Wallet Customers and Businesses thus facilitating commerce on the go. This solution will transform many of the traditional Cash focused businesses such as transport, car wash, local grocers, street food vendors etc. onto the digital inclusion journey..As a pan-African bank, we are inspired by Batswana and the communities we operate in. Financial inclusion remains a central part of our strategy. We are dedicated to offering accessible and dedicated financial services with a seamless customer experience. We believe in creating purposeful opportunities for Batswana and our customers as we bring their possibilities to life and this is one more step in that direction,” concluded Valeta.ENDS.

Absa Bank Botswana Introduces “Spark by Absa” Digital Wallet

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