M-Shwari crosses 10 million customer mark

NAIROBI: Commercial Bank of Africa, has taken pole position as the Kenya’s largest bank by customer numbers to vindicate its innovation of offering savings and loan products through the mobile phone.

“We are delighted to announce that we signed on our 10 millionth customer this week, and this cements CBA’s credentials as the category leader in this space,” said Mr. Isaac Awuondo, CBA’s Group Managing Director.  “M-Shwari is leading the revolution towards a cash-light economy in East Africa, and today it ranks as one of the world’s most successful full service mobile banking deployment that has managed to reach scale in just over 2 years.