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Visa Awards 7 Commercial Banks in Zambia

Visa, the world’s leader in digital payments, has recognised the efforts of 7 commercial banks in Zambia for their contribution to promote the use of digital platforms to enable consumers carry out secure digital transactions.

7 commercial banks were awarded in 8 categories for their contribution to the increase in uptake of digital payment solutions in the country. The following is the list of award categories and the respective recipients:

  • Standard Chartered Bank Zambia received the Visa Efficiency Award and the Visa Premium Award (in recognition of the bank’s effort in authorisations and premium credit)
  • Zambia National Commercial Bank (ZANACO) received the Visa Card Warrior Award (in recognition of the bank’s consumer campaigns in 2017)
  • First National Bank Zambia (FNB) received the Visa Brand Awareness Award (in recognition of the bank’s fuel promotion partnership as well as being the anchor bank with rewards in Zambia)
  • Indo Zambia Bank received the Visa Agile – Acquiring Award (in recognition of being the newest bank that has scaled quickly)
  • United Bank for Africa (uba) Zambia scooped the Visa Co-Brand Champion Award (in recognition of the bank’s increased partnerships through various programmes)
  • Stanbic Bank Zambia received the Visa Managing Risk Award (in recognition of the bank’s investments in risk products - ecommerce/VbyV)
  • Ecobank Zambia received the Visa Innovation Award (in recognition of being the first bank in Zambia to implement the Visa on mobile solution to enable mobile payments).

In his opening remarks at the award ceremony, Jabu Basopo, Visa General Manager for Southern Africa, commented: “We conduct the annual bank awards to recognise and appreciate banks that have performed exceptionally well in the various set categories.”

The bank award ceremony was held on Friday, 27th July at Bonanza Golf Course in Lusaka.

Visa Awards 7 Commercial Banks in Zambia
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