ZABG Set to Upgrade E-Banking
Thursday, June 2, 2005
The Zimbabwe Allied Banking Group (ZABG) is working towards upgrading its e-banking technology into a fully-fledged internet and phone banking system which it expects to be in full swing by the end of this month.
In an interview with the Herald Business, an official from the banking group said: “E-banking is already in operation. However, we are now working towards selecting the appropriate software for the system before implementing it.”
E-banking, an electronic banking system under the retail division of the group, has so far been facilitating payment services only, but is now poised to offer a complete range of Internet, mobile and telephone banking services.
“The software package has a full graphical user interface which makes it user-friendly, that is, user menu-driven, easy to understand and use,” said the source. Other aspects that are likely to make the ZABG service stand apart include its high security and excellent back-up and recovery features.
ZABG said this facility, coming as it was at a time when the country was facing many economic hardships, among them fuel shortages, would be convenient to users as clients would be able to carry out most transactions at home, eliminating the need to physically visit their banks.
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