NATSAVE Value Proposition to Local Authorities Presentation
NATSAVE, a 100% Government owned Financial Institution, outlines its brand journey and understanding of local authority needs in Zambia. With a vision of Financial Inclusion, NATSAVE offers solutions for efficient fund disbursement, project financing, and revenue collection. The bank's heritage dates back to 1972, emphasizing social mandate and branch network across Zambia. Explore NATSAVE's commitment to delivering banking services and employee banking solutions.
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NATSAVE VALUE PROPOSITION TO LOCAL AUTHORITIES PRESENTATION BY MECHA SAMBOKO Your Bank
PRESENTATION OUTLINE 1. WHO WE ARE/HERITAGE 2. OUR BRAND JOURNEY 3. OUR VISION, MISSION AND CORE VALUES 4. OUR UNDERSTANDING OF LOCAL AUTHORITY NEEDS 5. THE NATSAVE PROPOSITION 6. EMPLOYEE BANKING SOLUTIONS 7. NATSAVE S ADMISSION TO ZECHL AND NFS 8. NATSAVE s MOBILE & DIGITAL PAYMENT PLATFORMS Your Bank
WHO WE ARE/HERITAGE The National Savings and Credit Bank (NATSAVE) is a 100% Government owned Financial Institution that was established in 1972 by an Act of Parliament namely; the National Savings and Credit Act, Chapter 423 of the Laws of Zambia. NATSAVE hails from the Post Office Savings Bank of Zambia first set up in 1896 and converted to financial services provision in 1926. The NATSAVE Act gives the Bank the power to administer funds on behalf of any person or agency, accept deposits, operate saving schemes, make loans and carry on any form of banking business. The Bank was created with a social mandate to deliver banking services to all parts of the country, especially the rural areas, at an affordable price. 4 money windows 38 Branches 42 ATMs 45 Point of Sale devices (POS) +350,000 Accounts Our branch network Lusaka - Northend Lusaka - Matero Lusaka - Main Branch Lusaka - Chilenje Lusaka - Chawama Chongwe Kabwe Ndola Kitwe Kitwe - Chimwemwe Luanshya Mumbwa Mongu Solwezi Lumwana Kasempa Mansa Kaputa Kasama Mpika Livingstone Chipata Petauke Only bank providing financial services to in 14 districts: Kaputa Mporokoso Luwingu Nchelenge Chama Chilubi Island Lukulu Kasempa Zambezi Chavuma Kalabo Mpongwe Lufwanyama Kazungula Mwense Your Bank
OUR BRAND JOURNEY We are on the road to becoming a trusted leader in bringing best financial practices and principles in the market in line with our vision of Delivering Financial Inclusion. Over the years, the bank has embarked on a rebranding journey to cut across all customer segments as can be seen in our refreshed logo and brand colors. 2
OUR VISION, MISSION AND CORE VALUES Your Bank
OUR UNDERSTANDING OF THE LOCAL AUTHORITY NEEDS OUR UNDERSTANDING OF THE LOCAL AUTHORITY NEEDS Efficient Management of Revolving Bank Account. Efficient Disburseme nt of Funds from Local Authorities to Vendors, Contractors and Local Projects. Financing of various Projects and Operations at Local Authority Level. Efficient Disbursemen t of Funds from the Ministry to Local Authorities (Councils). Revenue Collections Local Authorities. Investment for Excess Cash. {experience in managing CEEC and PSMFI loans } Your Bank
THE NATSAVE PROPOSED SOLUTIONS THE NATSAVE PROPOSED SOLUTIONS CDF ALLOCATION CDF ALLOCATION SOLUTIONS FOR COMMUNITY PROJECTS Schools and skills development Bursaries YOUTH, WOMEN AND COMMUNITY EMPOWERMENT Natsave offers the following to contractors and suppliers contracted by councils: Bridging Finance Order Finance Invoice discounting SME loans Asset Finance Overdrafts Capacity building Micro-SME Loans Financial Literacy training Natsave will offer the following products and services: Staff loans to teachers and lecturers Collection accounts for schools and colleges Application fee collection Savings accounts for minors Savings accounts for Students Bridging Finance Gadget finance .e. g. Laptops, tablets for students and staff. (Revolving Bank Account) Natsave offers the following account features to the councils: Competitive rate on the account. Interest credit to the account to the account on monthly basis. Minimum opening balance: NIL Minimum balance charge: Free Monthly statement: Free - Once per month Transaction Fee: Free Issuance of deposit book: Free Online payment limit per day: Negotiable Your Bank
THE NATSAVE PROPOSED SOLUTIONS THE NATSAVE PROPOSED SOLUTIONS COUNCILS COUNCILS REVENUE COLLECTIONS Natsave will utilise its vast Branch Network, Mobile Banking platform and Agency model to: Collect revenues from every market, bus station or other locations and provide Proof of Payment (POP). Ensuring direct to bank collections, reducing cash handling and reducing income leakages in the process. Ensure Vendors make deposits direct to bank and simply produce POP to relevant authorities. Ensure Natsave uses some councils as local agents for collections. This will provide the councils with additional revenue streams Provide Instant statements and audit trails whenever required. The bank will retain information for up to 10 years. FINANCING SOLUTIONS PAYMENTS SOLUTION 1. PROJECT FINANCING Natsave is in 38 locations and is already banking over 55 local councils. Councils can leverage on the the vast branch network to deliver instant payments to every contractor and supplier across the country at lowest costs NATSAVE will offer project financing to Councils. INVESTMENT OF EXCESS CASH 2. BRIDGE FINANCING Natsave provides competitive short, medium and long-term investment options for any excess cash that may not required for immediate usage. This will support the following: Approved projects in local communities awaiting funding from Ministry can be financed by Natsave so that work commences or continues while waiting finance processes. Your Bank
BANKING SOLUTIONS BANKING SOLUTIONS EMPLOYEES & ELECTED OFFICIALS EMPLOYEES & ELECTED OFFICIALS STAFF FINANCING SAVINGS ACCOUNTS Natquick With this product Council employees can access funds in form of a salary advance for up to 12 month at rates that are very competitive Growth Savers Account This is a savings product targeted at Council employees that want to save gradually. The account comes with an attractive interest rates. Natlink Loan Salary Account This is a salary backed loan facility where Council employees can access fund for up to 60 months (OR Tenure of office for elected officials) and deductions are done directly from individual s account. This is a transactional account targeting Council employees earning above K2,000 per month. This account comes with a debit card, Mobile and internet banking. Institutional Loan Easy Salary account This is a salary backed loan facility which can be accessed through a signed MOU between the Council and NATSAVE. Deductions are done by the employer and remitted to NATSAVE. This is a transactional account targeting Council employees earning less than K2,000 per month. This account comes with a debit card, Mobile and internet Your Bank
NATSAVES ADMISSION TO ZECHL AND NFS NATSAVE S ADMISSION TO ZECHL AND NFS NATSAVE is admitted on the Zambia Electronic Clearing House Limited (ZECHL) and was granted direct access to participate using its assigned Sort code. This means NATSAVE is now able to directly facilitate local currency electronic funds transfers through Direct Debit and Credit Clearing (DDACC). NATSAVE has also been admitted onto the National Financial Switch (NFS). This means our customers can now use their NATSAVE debit cards on NATSAVE ATMs as well as on other bank ATMS that are connected to NFS. Customers with cards issued by other Banks in Zambia can also transact on our extensive ATM network countrywide. These strides will make payment processing easier and efficient and improve the interaction levels with the Local Authorities. Note that this is the first phase of NATSAVE integration onto national electronic platform with the second phase of Real Time Gross Settlement (RTGS) and Cheque clearing earmarked for third quarter 2023. In the meantime, the Bank will continue to facilitate for RTGS and Cheque clearing as has been the custom. Your Bank
E E- -PAY AND DIGITAL PAYMENT PAY AND DIGITAL PAYMENT PLATFORMS PLATFORMS E- Pay platform is a solution that allows customer to perform various functions at the comfort of the offices. The Solution is internet based in which customers have an option to either make single or multiple payments (Bulk Payments) for both internal ( i.e., NATSAVE Clientele ) and External (i.e., Interbank clientele) Through a file Upload. The digital payment platforms are a core part of the bank s strategic intent to become a number one financial service provider to all Zambians at affordable costs Pay NAPSA online Pay tax online E-PAYMENT FEATURES : Convenient and Easy to use. Easily accessible and safe Regulatory Payments (ZRA TAX (ASYCUDA, TAX ONLINE and NAPSA) Bills and other payment (Bulk funds transfer and GSB) Transaction Report Transfer to other banks Pay NHIMA online Perform Fund Transfers ASYCUDA payments Monitor account balances Access transaction reports Your Bank
NATSAVES MOBILE AND DIGITAL PAYMENT NATSAVE S MOBILE AND DIGITAL PAYMENT PLATFORMS PLATFORMS Natsave is on the trajectory to provide a feature rich transactional financial inclusion solution through the strategic partnership with Mastercard and development of the eWallet digital payment platform. The digital payment platforms are a core part of the bank s strategic intent to become a number one financial service provider to all Zambians at affordable costs. Person to person payments Mobile payment features, also available on USSD: Wallet to Bank Transactions Open Mobile account Link physical card to eWallet Person to person payments Person to business payments Business to person payments Cardless cash withdrawals at ATMs Bank to wallet transactions Bill Payments Natsave account to mobile money account Mobile money account to Natsave account Purchase value add products e.g. Airtime, Electricity etc. Agency banking Salary disbursements *882# Salary disbursement Agency Banking Media and Entertainment Your Bank
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