Standard Bank is accelerating its shift toward digital-first banking by rolling out more cashless branches across South Africa, while simultaneously upgrading its ATM network to faster, touchscreen-driven machines.
The move was highlighted in a report by the , which noted that the bank announced its plans on 17 September, yesterday as part of a broader effort to revamp its physical banking network.
Bank officials said the decision follows a steady decline in cash transactions. explained Kabelo Makeke, who is Standard Bank's head of personal and private banking.