The Bank was officially awarded the mandate after rigorous assessment of applicants in a closed tender process. The agreement will see payment to approximately 2,337 recipients on a monthly basis on behalf of the Council. The ceremony was attended by COFC Town Clerk, Lopang Pule, and (COFC)Deputy Town Clerk – Technical Services, Lawrence Mokotedi; and Stanbic Bank Acting Chief Executive, Christopher Gwere.
Said Christopher Gwere, Acting Chief Executive of Stanbic Bank Botswana. “It is a privilege and an honour to visit the City of Francistown, and to enter into this partnership with the Francistown City Council. We appreciate the Ipelegeng scheme to be an integral part of the employment drive by Government and sees support for thousands of Batswana as they strive to earn an income. We are honoured to support the City of Francistown in this manner, ensuring thousands of people receive their monthly payments on time, with ease of access and convenience. Our Purpose as Stanbic Bank Botswana – Botswana is our home; we drive her growth – sees unwavering commitment to real and relevant financial solutions to empower the consumer. This means accessible, inclusive and empowering. This is what we strive to ensure here, leveraging solutions and platforms such as Unayo to put the power in people’s hands to improve their financial wellbeing and ensures they are part of a growing and thriving economic ecosystem. We are grateful to the Town Clerk Rre Pule, and the City of Francistown and its Council for this opportunity.”
Stanbic Bank will provide facilities for the payment of these wages at all ATMs and participating Unayo Merchants (street vendors and general dealer merchants) through its network across the 25 Francistown wards. This comprises in excess of 100 touchpoints through which Ipelegeng workers can receive their payments every month.
Said Francistown Town Clerk, Lopang Pule, “This is a large and important mandate we trust Stanbic Bank will treat with the utmost importance. With in excess of 2,300 Ipelegeng workers in Francistown, this means over 2,300 individuals who in turn have dependents relying on their incomes to be paid in a timeous manner. Coupled with empowering platforms for easy, accessible and convenient solutions as through Unayo, we see opportunity here not simply to make payments, but to ensure residents of the City are educated on financial matters, included in the ecosystem of financial services, and actively seeing their lives improved.” The contract commences April 2022 and serves a duration of 2 years.