Equity Bank gets into mobile phone banking to deliver financial services to account holders

CCK Director General Francis Wangusi presents MVNO licence to Mr Enrico Nora, General Manager, Mobile Banking Finserve Africa Limited, a subsidiary of Equity Bank. [PHOTO: COURTESY/STANDARD]

By Winsley Masese

Nairobi, Kenya: Equity Bank can now take on mobile phone operators in the fight for a slice of the lucrative telecoms business. 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.