Standard Bank Plans Africa Mobile Payments, Business Day Says

Standard Bank Group Ltd. (SBK) is targeting Nigeria as it expands its mobile banking and payment services in Africa, Business Day reported, citing Herman Singh, chief executive officer of Beyond Payments, the bank’s mobile- payments unit.

The bank will tailor its system, developed in South Africa, for use in other countries in Africa, the Johannesburg-based newspaper cited Singh as saying.

To contact the reporter on this story: Stephen Gunnion in Johannesburg at sgunnion@bloomberg.net

To contact the editor responsible for this story: Gavin Serkin at gserkin@bloomberg.net

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