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How Equity plans to take on Safaricom in mobile payments

 CEO Safaricom Bob Collymore
CEO Safaricom Bob Collymore, PHOTO/ STANDARD

Kenya: This Monday, Equity Bank will reveal its entry strategy into the telecoms industry. Analysts say this could be a turning in Kenya’s telecoms market. “Equity Bank will on Monday, May 26, 2014 hold an investors’ and media briefing to unveil its MVNO strategy, report on progress of preparedness and rollout plan,” read an invite.

The bank, the largest lender in customer numbers has always hoped to go big on mobile phone banking to deliver financial services to its eight million account holders.

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