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NAIROBI, KENYA: Barclays Bank of Kenya (BBK) has launched a virtual banking product that will enable customers’ access loans and pay utility bills using their mobile phones.
According to BBK Managing Director Jeremy Awori, the product dubbed ‘Timiza’ will act as a mobile-based virtual account giving both its customers and non-customers a chance to borrow 30-days loan at an interest rate of 6.17 per cent.
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