Finserve Launches Robust Keyboard App With Mobile Loans, Payments and More

14
Jack Ngare
Shares

For some time now, Finserve has been teasing a new product that went live earlier today. Dubbed mKey, the keyboard app is a one-of-a-kind product that integrates a number of features that we have not seen in any local fintech app.

According to Finserve’s Managing Director Jack Ngare, mKey was conceptualized to reduce the friction of users who have to switch apps in order to perform lifestyle, financial or social functions on their smart handhelds. The app is therefore built based on the mentioned three pillars and has integrated basic keyboard features so that users can get onboard without any hassles.

mKey is available for Android users, and if your device has Android 4.1 and up, then it will run just fine. However, we noticed app crashes on a couple of devices (my Xiaomi Redmi 6A doesn’t run it, nor do a couple of other Samsung devices in our office). However, this is an issue we are sure the talented folks at Finserve can fix in a short period.



iOS users are out of luck for the time being, but the app should be on the App Store by November 2018.

Weighing a modest 25 MB, mKey is packed to the brim with multiple financial services. To begin with, users can buy airtime for their lines (all five carriers are included, namely Faiba, Equitel, Telkom, Airtel and Safaricom), send cash to mobile services or another mKey user, request for loans (from as little as Kes 300 to Kes 1 million), buy goods and services as well as pay bills.

Regarding loans, mKey uses the data on your phone to curate a credit limit for you.

The mKey wallet can also be replenished via M-PESA, Equitel, Equity agent or Eazzy Banking.

What’s more, users can send cash to their social media friends (the same system can be seen on Finserve-built Eazzy Banking app).

There is a lifestyle option called ‘Jibambe’ that covers shopping, access to news, YouTube, fashion deals, gossip stories and sports news and so forth.

mKeyCollectively, the transactions done on the app are used to create an award system where active customers are rewarded with gifts base on how frequent they transact. The point system is progressive and can be visualized in the same manner as Candy Crush Saga levels.

mKey runs on Microsoft cloud (Azure we presume) and complies to global security requirements such as GDPR and so forth.

It also has a bunch of fun features, like stickers, emojis (Yetumoji) and themes.

Finserve also says that integrate cross-border remittances by leveraging Jenga APIs and the services of World Remit by September.


Clients who need to integrate plugins or wallets on mKey are also welcome to do so.

We will dive into the app and review it in the next couple of weeks.

Shares

14 COMMENTS


  1. https://uploads.disquscdn.com/images/3765da5f86e0bb0c3270a357e1f70e4e3616aa5a705fd61562f69eb8b5e1f28e.png

    JumboPesa is Kenya’s leading based-mobile finance app.We service for offering quick, instant, emergency loans for the way you live ANYTIME, ANYWHERE.
    Fast and quick online loans in Kenya without collateral, it’s easy to download and apply for JumboPesa loans.

    Easy to get started.
    * Sign on with M-Pesa login
    * Quick application
    * Get cash loan straight into your M-Pesa
    * Build loan limit up to 50,000 Ksh by keeping loan payments on time

    SAFE AND SECURE
    When you download JumboPesa, we will ask to access your mobile information and other information in order to verify your identity, creditworthiness, and provide you faster and higher loan in Kenya. We take privacy very seriously and your personal information will never be shared without your direct permission.

    Terms and Conditions
    JumboPesa charges a service fee of 10-15%* of principal. Repayment schedules may vary; however, the maximum repayment period for a JumboPesa loan is 7 or 14 days from disbursement.

    CONTACT US
    If you have any feedback, questions, or concerns, please e-mail us at [email protected]’re always glad to hear from you!

    Like us on Facebook: https://www.facebook.com/jumbopesa.plus
    Follow us on Twitter: https://twitter.com/jumbopesa
    Visit our website:www.jumbopesa.co

LEAVE A REPLY

Please enter your comment!
Please enter your name here

This site uses Akismet to reduce spam. Learn how your comment data is processed.