Country
Product Type: Mobile Banking and Learning
Sector: Finance Oriented
Project Country: Kenya
Finserve Africa
Providing mobile banking services in Kenya.
Finserve Africa trades as Equitel, a mobile virtual network operator in Kenya. It is a wholly owned subsidiary of Equity Group Holdings Limited and uses the Airtel network as its carrier. Equitel provides an alternative way for Equity Bank customers to engage with their bank accounts, as well as provides mobile money services such as savings, loans and transactions. Through additional menus, customers can access informative content such as information on maternal health (“MAMA”), financial literacy and tips on agriculture, environment and energy.
Project Description
Finserve is expanding the use of Equitel by subsidizing the cost of ThinSIM and DualSIM phones, continuously developing the product offering and related services, as well as delivering financial literacy content.
Key Areas of Scale
FRP support will essentially expand Equitel’s existing activities.