Written by The Banking Post
Standard Bank PLC has introduced the NPSB Inter Bank Fund Transfer (NPSB-IBFT) service, allowing customers to transfer money instantly across banks nationwide.
The service was inaugurated on Tuesday at the bank’s head office by Chairman Mohammed Abdul Aziz, with Managing Director Md. Habibur Rahman presiding over the event. Senior executives and branch heads joined the ceremony, both in person and virtually via Zoom.
With the launch, Standard Bank clients can now send and receive funds in real time under the NPSB network, a move the bank says will significantly boost convenience and accessibility in digital transactions.
