The days when people had to travel a distance to perform a simple task of transferring assets is long past. Banks have now gone digital in rendering services to customers and ensuring convenience in every transaction. With just a click on your phone, you can perform several transactions, check your account balance, or even make transfers to anyone. However, with technology being rapidly adopted, it is only natural to keep improving the customer’s digital banking experience. MERCO bank, a digitalized innovative bank has teamed up with top Asian and African Entrepreneurs and Trade experts; Alpha Traders Co. Of Vietnam, Syamsul Aliyu of Indonesia, Quantum Trading Co. of Phillipines, E-tron traders of South Africa, and a host of others from Pakistan, Thailand, Singapore, Cambodia and Egypt, to improve and support digital banking adoption and the new asset class management in Asia and Africa.
The partnership is geared to help in the implementation of high end innovative strategies that would recreate the digital experience and also reduce the gap between the rapid evolution of consumer habits and the slower evolution of banking. The traditional banking procedures are gradually disappearing and new technologies, as well as customers’ lifestyles and different competitions, are constantly influencing the banking sector. There is a continuous need by customers especially in Asia and Africa to match the fast pace of digital adoption in these areas.
Acc. Bahadir Louca G., Managing Director, MERCO Bank – Trustees LLC said in the conference, “We are excited to have partnered with the world’s most influential entrepreneurs and traders from Asia and Africa. Through this partnership, we will introduce technologies and strategies that will match the fast-paced digital adoption among consumers which as a result has set high standards for financial institutions that are often hampered by the aging processing systems, inadequate IT resources, and constrained budgets. For MERCO bank, digital transformation and adoption are necessary and this has prompted us to invest and partner with people who can help accelerate digital banking technologies”
The partnership between MERCO Bank and these top Entrepreneurs will not only help us reach and improve more customers’ banking experience but will also help in establishing financial literacy for the new asset class amongst consumers. In addition, the partnership will also help to create avenues to develop talents and skills across Africa and Asia, ensuring the industry continues to grow.
Hari Nguyen, CEO of Alpha Traders said, “Asia is currently the leading dominant body in the digital banking world although cash currently leads the way in the majority of Asia. There is a need now more than ever for continued growth in digital banking and its adoption to enable innovative banks to grow new businesses and entrepreneurs like myself, and together we can build the economy of the new age at the same time. I believe that as customers in Asia adopt digital banking technologies, it will play a significant role now and in the future”
“Digital Banking brings a new era for us as well as for our partners. We have designed a system that targets new customers or new sectors in Africa and Asia that are poorly served. With rapid digital adoption programs in Africa and most parts of Asia, consumers who have been left will now be provided an easy banking experience using our MERCO Bank platform. Thanks to this partnership, the bank will now extend the same top-notch banking experience to customers who have been poorly served, and also attract new customers in these regions. We will now have more customers to serve and the technology to do it effectively” Acc. Bahadir Louca G. said.
MERCO Bank being one of the world’s leading digital banks provides a platform that allows customers to view timely, relevant, and valuable financial information and reports. The platform also allows entrepreneurs access to quick loans which are processed in a self-serve digital channel. Access to loan grants has now become easier that anyone can simply be approved in minutes without stepping out of their comfort zone. For Entrepreneurs and businesses in Africa and Asia, this partnership opens up access to tools and opportunities for sustenance and expansion.
The interface offers real-time financial data, providing you with insights into your company’s financial performance as well as comparing results to the industry where your company operates. The feature will allow you as an Entrepreneur to track key performance metrics, such as revenue growth, for comparison purposes.
New and existing clients can also log onto their accounts to access these opportunities.
June 16, 2018 By Jane Michaels
