Regional financial services provider Equity Group is set to introduce its mobile platform Equitel to all markets where the Bank operates.
Speaking to Paris-based special report publisher Marcopolis, the groups Chief Executive, James Mwangi said that the Bank, through Finserve Africa; their mobile virtual network operator (MVNO), is partnering with telecoms in Uganda, Tanzania, Rwanda, South Sudan and the Democratic Republic of Congo to roll out Equitel in these new markets.
He said that Mobile devices have become their delivery terminal of choice.
Equitel which was launched back in July 2015 has a market share of 4.4 per cent anchoring on two million active subscribers and at end of the first quarter of 2016 the users transacted Ksh62.5 billion while the value of mobile loans stood at Ksh14.1 billion over the same period.
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