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MVNO service to lower mobile money transaction fees

27 May 2014

Vincent Matinde, reporting on IT Web Africa, says that Equity Bank in Kenya will be launching a Mobile Virtual Network Operator (MVNO) service in July 2014. This will aim to lower the cost of mobile money and mobile banking fees.

MVNO service to lower mobile money transaction fees

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IT Web Africa: Equity Bank to lower mobile money transaction costs... The bank is reportedly planning to partner with Airtel Kenya, and use its 60% excess capacity to provide a seamless end to end service to any bank and any telco.
Equity Bank will aim to make mobile banking be a "channel for accessing a convergence suit of financial products, loans, savings, brokerage services, custodial services, investment services, insurance services and other social corporate offerings such as health, education, entrepreneurship and financial literacy."