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Equity offers customers seamless transactions across East Africa

BUSINESS
By By Margaret Kanini | February 13th 2014
By By Margaret Kanini | February 13th 2014
BUSINESS

By Margaret  Kanini

Equity Bank customers will now be able to transact flawlessly across five countries after the bank successfully upgraded its core banking system.

The bank’s over 8.7 million customers in Kenya and the rest in Uganda, Tanzania, Rwanda and South Sudan will experience a faster and more efficient one-stop payment gateway after the bank upgraded to the Way4 payment switch that allows advanced shopping and mobile payments.

The step is expected to provide solutions for payments of goods and services on the spot, anywhere and in practically any situation.

James Mwangi, Equity Bank Group chief executive officer, told a media briefing in Nairobi yesterday this is the fastest and most scalable engineering system.

“A vast amount of data will be generated daily since the number of Equity bank account holders is also expected to rise,” he said when he announced the group’s upgrading efforts.

Mwangi said the system calls for an enhanced way of transacting business for the benefit of customers.
 

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