Equitel News

PesaLink - Kenyan banks have joined forces to launch a mobile money rival to M-PESA

Kenyan banks have joined forces to launch a mobile money rival to M-PESA

Nearly ten years after its launch, M-Pesa finally has what could be a major competitor in the multi-billion dollar mobile money transactions business.

M-PESA customers will soon be able to use debit cards for quicker transactions. Credit: Reuters/Thomas Mukoya/qz.com

Safaricom's M-PESA is getting its own debit card to compete with banks

Safaricom, parent of the M-PESA mobile money platform, is eyeing a piece of the $13.5 billion in annual transactions in Kenya’s payment cards industry with a new debit card.

Shiv Arora, Head of Private Equity Real Estate, Cytonn Investments

Local banks knock off foreign dominance in Kenyan market: Shiv Arora, Head of Private Equity Real Estate, Cytonn Investments

Kenyan banks have knocked off foreign dominance in the market posing a risk for the latter to exit the market if they fail to change their strategy.

Airtel is losing its fight against Safaricom for Kenya's fast-growing mobile market

Airtel is losing its fight against Safaricom for Kenya's fast-growing mobile market

Airtel Kenya is engaged in a mighty battle against Safaricom for Kenya’s growing mobile market. The telecom company is struggling to put a dent in Safaricom’s dominance, but they are getting left behind.

James Mwangi, CEO, Equity Bank

Kenya's Equity Bank to focus on developing mobile banking business

Kenya’s Equity Bank aims to double profits from its foreign markets in east Africa and increase users of its mobile banking service to boost earnings, its chief executive said on Tuesday.

Safaricom's M-PESA

The battle between Africa's mobile phone companies and banks is a boon for financial inclusion

Another week and another bank in Africa is entering the mobile money space.

James Mwangi, CEO, Equity Bank

Kenya's Equity Bank starts mobile money service Equitel to challenge Safaricom

Kenya’s Equity Bank said it would press ahead with offering mobile phone transfer services, stepping up competition to telecoms firm Safaricom’s money transfer product.

Equity Bank

Equity Bank's Equitel mobile money service targets 100 million African customers in 10 years

Equity Bank Ltd., which has started a new mobile payment and banking service called Equitel, is seeking 100 million customers in Africa within 10 years and the first five million by the end of 2015.

James Mwangi, CEO, Equity Bank

Kenya's Equity Bank to expand to the DRC via acquisition in first step outside East Africa

Kenya’s Equity Bank Group plans to expand its operations into the Democratic Republic of Congo by acquiring a 79 percent stake in ProCredit Bank Congo, its chief executive officer said on Tuesday.

James Mwangi, CEO, Equity Bank

Kenya's Equity Bank plans 10-nation Africa expansion, says CEO James Mwangi

Kenya’s Equity Bank plans to enter 10 more African countries in the next decade, in addition to the five it already serves, by building operations from scratch or acquiring existing lenders, its chief executive said on Wednesday.