Stanbic Uganda unveils Trade Club business connection platform

The Stanbic's trade platform has a match-making algorithm that automatically suggests new businesses or people that Ugandans can do business with.

Source: Independent Uganda

Stanbic Bank Uganda unveiled the Trade Club which allows Ugandan business people to grow their enterprises by getting access to contacts, market information and a platform to network with other people across the world.

“We are pleased to introduce the Trade Club. It’s a new solution designed for Ugandan businesses to connect with other businesses locally, regionally and internationally with a view of easing both import and export trade.  This is a free digital networking platform enabling us to positively contribute to the growth of our business clients, because when they grow and prosper– so do we. By growing our customers’ businesses we can deliver towards our purpose of driving Uganda’s growth.” Said Jonathan Wamara, the Head Universal Trade at Stanbic Bank.

The Trade Club offers trade skill for importers and exporters across 190 countries as well as with over 200 pages of trade information for both importers and exporters, market analysis, customs information and other relevant reports.

The Stanbic’s trade platform has a match-making algorithm that automatically suggests new businesses or people that Ugandans can do business with.

“These suggestions are based on your business interests. The platform introduces you to new contacts (suppliers/customers) that you require to grow your business. Our customers are looking for solutions to simplify their lives and make it easier to do business. Particularly now, amidst the devastating impact of the Covid-19 pandemic, we must relentlessly innovate with solutions to kick-start recovery and survival in a tough business climate,” Wamara said.

Stanbic Bank trade Club will now allow members exclusive access to traders across the world apart from offering its customers the best trade solutions in Uganda.

“Traditionally, we as a bank had always come in to support our clients to facilitate trade with buyers and sellers after they have already agreed to terms, but with this platform, the bank and our clients will have an opportunity to walk together along the journey of, sourcing for genuine suppliers and buyers across various markets, discussion of trade terms and facilitation of the actual transactions by providing financial services like Trade Finance, Forex Solutions and Bancassurance,” Wamara added.

In terms of support, he added that when a client joins the Trade Club, a Community Manager is assigned to them to assist with any needs the client may have regarding the Club.

Also Read: Stanbic bank Uganda profits drop by $1.80 million

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