CBZ Partnership Magazine 2023 3rd Edition - Flipbook - Page 12
CBZ Bank Launches
University Student Card
In yet another milestone, CBZ Bank has launched a student smart-debit
card that combines a university student ID card with a student account
linked debit card that is enabled for financial transactions and access
control. In this regard, the card consolidates multiple functionalities, which
simplifies and streamlines vital aspects of student life.
The integration of financial services into a student ID card offers an
array of benefits that extend far beyond conventional measures. This
pioneering solution eliminates the need for students to carry multiple cards,
streamlining their campus experience by providing a unified platform for
various functionalities.
Paying for meals in the cafeteria, textbooks at the campus bookstore, or
accessing campus facilities that can all be seamlessly facilitated through
this single card. This eliminates the hassle of searching for the right card
at various points of sale, creating a more efficient and streamlined process.
One of the inherent strengths of the CBZ university student ID financial
card lies in its ability to empower students with greater control over their
financial lives. Through CBZ Touch, students can track their spending, set
personal budgets, and monitor account balances in real-time.
For the universities, implementing CBZ student card streamlines financial
transactions and reduces administrative burdens. The card simplifies
the process for managing student accounts and it also allows institutions
to leverage partnerships with CBZ which will lead to additional revenue
streams through transactional fees and shared revenue.
Pursuant to this, CBZ Bank has partnered with Midlands State University
(MSU) and introduced the CBZ Student Card, which is available to all
students registered at the university. This multi-functional card is branded
with the student’s details and photo, and is available in dual currency, USD
and ZWL, thus bringing many benefits to students and becoming an integral
part of campus life.
As part of its assimilation, the card can be swiped in shops, make POS
payments at Campus, be enabled for contactless payments (tap and go),
and be linked to Zimswitch. Additionally, students get access to the CBZ
Touch mobile application, and is compatible with iOS and Android.
Apart from being first introduced at Midlands State University, the card
facility is also available for students at other universities across the
country, a significant step towards promoting financial inclusion and is
poised to revolutionize and simplify students’ academic journey in the
country.
The launch of a university student ID financial card is a watershed moment
in empowering the financial lives of college students. Partnership with
universities redefines university students banking experience.
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CBZ Partnership Magazine 2023 3rd Edition
