SOUTH AFRICA – Absa, a financial service company, and Renault, an automobile manufacturer, have announced a strategic alliance to drive market-leading growth for both businesses.
This partnership brings to market the launch of Renault Financial Services, an Absa finance product that offers finance and other comprehensive financial services to Renault customers.
Through this alliance, Renault dealers will gain unprecedented access to Absa’s robust portfolio of financial solutions for retail and wholesale finance.
This integration will also provide dealers and customers a seamless, efficient experience, streamlining operations and enhancing customer experience.
“By aligning our services with the Renault dealership network, we are not just offering financial solutions but also creating an ecosystem that supports the automotive industry’s growth and development,” said Charl Potgieter, Managing Executive of Absa Vehicle Finance.
“Our alliance with Renault in South Africa underscores our commitment to being a primary partner to our clients. We aim to offer customers seamless financial solutions, empowering them to write their life stories with their mobility needs taken care of.”
Key benefits of this alliance include the collaboration between Absa and Renault in South Africa to deliver bespoke, flexible finance and credit solutions to customers.
The alliance will also leverage an expanded sales network to accelerate growth for both partners, setting the stage for Absa and Renault in South Africa to compete head-on in the automotive sector.
“At Renault, we are committed to delivering high-quality vehicles and a customer experience that exceeds expectations. We believe Renault Financial Services, a finance product of Absa, will add to the Renault Value Added Services offering to enhance the customer buying experience and drive vehicle sales for the Renault dealership network.”
“As a leading pan-African bank, with a presence in 15 countries, Absa supports its partners in exploring new opportunities across the continent,” comments Mr Shumani Tshifularo, Chief Executive Officer: Renault of South Africa.
“The bank’s digitally powered approach will also ensure that Renault Financial Services’ customers enjoy market-leading turnaround times on deals, from payout application.”
Absa Uganda eases access to convenient financing with credit cards
Meanwhile, in Uganda, Absa Bank encourages customers to sign up for Absa credit cards, which offer up to 50 interest-free days.
The bank has launched a new campaign called Everybody Deserves a Bestie Kabisa. The campaign’s purpose is to demonstrate the various ways customers can use credit cards to access financing at their convenience.
Musa Jallow, Retail and Business Banking Director, Absa Bank Uganda, says customers choosing the Absa Platinum credit card enjoy extended benefits such as Purchase Protection, reward miles for every shilling spent, and the ability to get as many as four supplementary cards to ease payments for their loved ones.
He added that the credit card offerings are in response to a shift in preference for digital payment systems among the population driven by the movement towards cashless transactions.
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