Staff Writer
Bard Santner Markets Inc, a local financial institution, recently signed an agreement with leading online payment platform InnBucks Microbank Limited where customers can cash in and cash out at their branches.
Bard is a financial advisory specialising in corporate finance, asset management and wealth management, as well as financial intermediation, while InnBucks is the fastest-growing technology-driven and deposit-taking microfinance institution.
This comes hot on the heels of another deal signed by Bard and Kuvacash recently after the well-subscribed capital markets conference in April in London, United Kingdom, attended by local, regional and international participants, including Bard executives.
The Bard and InnBucks deal will enable the two companies to capitalise on resultant synergies emanating from digital platforms and innovation foci to promote growth.
The follow-on convenience includes InnBucks clients being given the platform to access other Bard products and services through its asset and wealth management activities.
Further, the two companies will also provide responsive financial inclusion solutions. Consequently, new and existing InnBucks clients will now enjoy the convenience of being able to access services at Bard channels in addition to the already existing 300 Innbucks outlets countrywide.
InnBucks chief executive Daisy Zinyemba said the deal with Bard will increase her company’s footprint in the dynamic local financial market, including the remittance business.
“We are excited about this new partnership. In a market rapidly re-inventing itself, InnBucks strives to stay on top of the shifts in the market by prioritising our customer needs. We have a deeper understanding of the historical precedence, cultural forces and resonance of existing competitor propositions, hence we haven’t only ‘revolutionised’ banking, but our proposition is focused on sustainability,” she said.
Bard executive director Lucia Chingwaru said the partnership will boost the two companies’ capacity and efficiency to new levels, while ensuring convenience for clients.
She said it is important to capitalise on new opportunities in the digital financial services ecosystem to establish and grow viable businesses.
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