South Africa, Feb. 27 -- This collaboration boosts UCount Rewards benefits and will allow customers to redeem rewards points for groceries and other products both in-store and online.

"This partnership unlocks powerful synergies between Africa's largest bank and Africa's most extensive retail network - ensuring that customers enjoy greater savings and rewards on everyday grocery purchases. Redeeming UCount Rewards Points for groceries will ease the pressure many households feel at the tills," says Funeka Montjane, chief executive of Personal and Private Banking at Standard Bank.

The partnership comes as food prices climb despite slowing inflation. The latest Pietermaritzburg Economic Justice and Dignity Household Affordability Index sho...