The platform economy is not just changing banking
It ’ s fighting hunger , too .
IMAGE : GETTYIMAGES . COM
The platform economy is changing the globe , creating and connecting communities in every industry . Digital access allows new markets to flourish , so that users can share resources , interact and transact with more reach and impact than ever before . As a result , businesses and their customers are forging meaningful relationships that support more than just the bottom line .
Financial services institutions are realising the opportunities this new economy offers . Recently , Standard Bank Group released the paper The Power of the Platform Economy for Financial Services , which highlighted the need for end-toend solutions and the necessity of building strong partnerships and ecosystems driven by data and insights . The Standard Bank Group is involved in developing such partnerships with fintech and BigTech companies such as Salesforce , Microsoft Azure
and Amazon Web Services .
One strategic partnership that has evolved over the past two years to make a positive impact in communities is OneFarm Share . The platform grew as a response to the challenge faced by many developing countries and amplified during Covid-19 lockdowns : food security and hunger . OneFarm Share ( facilitated through a partnership between HelloChoice and Standard Bank Group ) provides a digital business-to-business platform that allows emerging and commercial farmers to sell and donate their produce to new markets . By December 2021 , 5 900 tonnes of produce had been distributed and nearly 24 million meals provided through the platform . This year , the plan is to distribute 10 000 tonnes of food and provide more than 50 million meals across South Africa .
Visit standardbank . com to find out more .
OneFarm Share is a digital business-to-business platform ( facilitated through a partnership between HelloChoice and Standard Bank Group ) that allows emerging and commercial farmers to sell or donate their produce to new markets . Since its launch it has provided more than 24 million meals to various communities . Watch our video here .
Standard Bank is an authorised financial services and registered credit provider ( NCRCP15 ). The Standard Bank of South Africa Limited ( Reg . No . 1962 / 000738 / 06 ).