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NAIROBI, KENYA: Equity Bank's mobile banking platform Equitel recorded a 1000 per cent growth in transactions from 13.7 million in 2014 to 151milion in 2015.
Speaking during the release of the 2015 full year financial results, Equity Group Holdings CEO Dr. James Mwangi said Equitel customers transacted over Sh115 billion in 2015 compared to Sh4.7 billion in 2014, a move that is now helping the bank cut its cost of operation.
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