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Stanbic IBTC Holdings Unveils New Feature On Its @easewallet

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Stanbic IBTC Holdings  Unveils New Feature On Its @easewallet

Leading end-to-end financial solutions provider, Stanbic IBTC Holdings PLC, a member of Standard Bank Group, has unveiled the addition of a new feature: ‘paycode’ to its @easewallet

The Paycode feature has been introduced to give customers the opportunity to withdraw cash from their wallet on an ATM or from an agent at any location nationwide without using a debit or credit card.

Customers can open a Stanbic IBTC @easewallet using the last 10 digits of their phone number through the Unstructured Supplementary Service Data (USSD) application – *909#. The wallet can also be opened via the Stanbic IBTC @ease Mobile App, ATMs and agents at any location nationwide.

Stanbic IBTC Bank Plc is committed to providing seamless financial transactions to Nigerians, hence the addition of Paycode to the @ease wallet.

To generate a Paycode, customers can log in to the @easewallet through the Mobile App or USSD – *909#; select ‘Withdraw Money’ and choose ‘ATM’ as the withdrawal channel; enter the amount to withdraw followed by a withdrawal 4-digit PIN to authorize the transaction.

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The customer’s @easewallet will thereafter be debited with the specified amount and fees while an 8 to 12-digit Paycode will be sent via SMS.

Read: Stanbic IBTC and Afreximbank Signs Agreement on ₦300BN Domestic Bond Issuance Programme.

To withdraw cash from an ATM using the Paycode, customers will press any of the side buttons on a Paycode-enabled ATM to initiate a cardless transaction. They will then select ‘paycode cashout’ or ‘Quickteller cashout’ and enter the generated 8 to 12-digit paycode. The next step is to enter the withdrawal amount for confirmation and the 4-digit PIN for authorization.

The amount that can be withdrawn using the Paycode must be in multiples of N1,000 and the maximum daily withdrawal amount is N20,000. A cash-out fee of N105 applies (VAT inclusive).

The paycode generated can be used at any partner bank ATM. A total of 12 banks’ ATM are currently paycode enabled. These include Stanbic IBTC, Sterling, Heritage, Fidelity, FCMB, UBA, Zenith, Wema, Union, Access, Unity and Keystone.

About Stanbic IBTC @ease wallet

Stanbic IBTC @ease wallet is an electronic wallet designed to meet the lifestyle needs of the informally served, under-banked and multi-banked using a unique combination of technology and Agent network.CLICK HERE TO DOWNLOAD @ease wallet ON PLAY STORE

Stanbic IBTC and Afreximbank Signs Agreement on ₦300BN Domestic Bond Issuance Programme.

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