Standard Bank and SAP Bring Mobile Banking to Over Half a Million "Flip-Phone" Customers in South Africa via SAP® Mobile

Standard Bank and SAP Bring Mobile Banking to Over Half a Million "Flip-Phone"
              Customers in South Africa via SAP® Mobile Platform

Standard Bank's New Mobile AccessAccount Reaches Low Income Individuals,
Allowing Them to Open Bank Account Through Their Phones

PR Newswire

JOHANNESBURG, South Africa, Feb. 14, 2013

JOHANNESBURG, South Africa, Feb. 14, 2013 /PRNewswire/ --SAP AG (NYSE:SAP)
today announced that Standard Bank has been successful in introducing its new
AccessBanking offering in South Africa, aimed at meeting the banking needs of
the previously "unbanked." This includes the AccessAccount, a transactional
banking account based on SAP® Mobile Platform. SAP Mobile Platform integrates
SAP and third-party back-end systems, which allows users to create visually
rich mobile apps to extend the information from enterprise systems straight
onto mobile devices. Since its inception in March 2012, the model has
attracted more than 550,000 new customers onto the AccessAccount.


According to research, 22 million South Africans earn less than ZAR 3,000 a
month and of that figure, 66 percent do not have bank accounts. With the app,
sales agents — or AccessAgents — can sign-up via a portable mobile device and
open a bank account for customers within a few minutes. This allows Standard
Bank to bring services to communities in areas that have been traditionally
underserved, such as townships and rural areas. The platform additionally
supports multiple devices and has a strong security management component so
that sensitive information, applications and devices are secure. Once
customers have the AccessAccount, they are able to perform transactions such
as person-to-person transfers and purchasing of electricity and airtime
through their mobile phones at any time. Customers can also perform
transactions such as cash-in, cash-out and money transfers at Standard Bank
AccessPoints, which operate through partnerships with informal traders already
running businesses in their communities. This removes the need for customers
to travel to branches or ATMs to bank.

"This is a very exciting time for us at Standard Bank. We have built an
entirely new IT system and platform that spans across all the bank's offerings
in our 'Inclusive Banking' business," said Peter Wharton Hood, deputy chief
executive, Standard Bank Group. "Mobile origination is not only far more
accessible for customers, it is also 80 percent cheaper. Standard Bank is one
of the first major banks in the world to run SAP Mobile Platform.This
tremendous competitive advantage has significantly helped us grow our customer
base. We are currently opening up to 7,000 new accounts a day via SMS
technology, in less than six minutes per transaction. This incredible outcome
far exceeded our expectations. "

"This innovative banking project is radically affecting the lives of thousands
people for the better," said Pfungwa Serima, CEO, SAP Africa. "This is a truly
innovative project that underpins SAP's vision to make the world run better
and improve people's lives. We look forward to seeing the continued success of
the implementation across the continent."

Standard Bank South Africa has been shortlisted for the Global Mobile Awards
2013, for the category "Best Product, Initiative or Service in Emerging
Markets." For more information, visit

To learn more about Standard Bank's initiative, watch the SAP TV video:
"Banking the Unbanked." For more information, visit the SAP Newsroom.

About SAP
As market leader in enterprise application software, SAP (NYSE: SAP) helps
companies of all sizes and industries run better. From back office to
boardroom, warehouse to storefront, desktop to mobile device – SAP empowers
people and organizations to work together more efficiently and use business
insight more effectively to stay ahead of the competition. SAP applications
and services enable more than 232,000 customers to operate profitably, adapt
continuously, and grow sustainably. For more information, visit

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