Motshelo goes mainstream and grows

Barclays' Motshelo account is a crowd puller
Barclays' Motshelo account is a crowd puller

Barclays Bank Botswana launched its Motshelo product in September 2012, providing a formal banking avenue for thousands of previously unserved Batswana in the savings cooperatives. Staff Writer, MBONGENI MGUNI, catches up with the bank’s Liabilities Product Manager, Lonyalo Sefena on the progress of the uniquely Botswana offering

Mmegi: How has the Motshelo product performed in 2015 in terms of numbers of accounts and/or value of deposits?

Sefena: The Motshelo product continues to grow year-on-year as Batswana realise the importance of safeguarding their contributions as well as proper reconciliation through bank statements. More accounts were opened this year and the value of the pot has been increasing. During the first quarter of 2015, we launched ‘Boost Your Motshelo campaign’ where we saw an increase of motshelo groups taking the solution.  At the end of the campaign we had six motshelo groups winning a P5,000 boost into their motshelo account.

Editor's Comment
Stay safe this holiday season

However, amidst the happiness, it is crucial to remember that the holidays can also bring unforeseen challenges. From increased traffic and travel hazards to heightened risks of accidents and social unrest, the festive period demands heightened awareness and responsible behaviour.Traffic congestion and accidents are a common occurrence during the holidays. With increased travel, roads become busier, leading to a higher risk of collisions. Alcohol...

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