Tag: Equitel

The Tale of Fraud Cases at Equity, and What the Bank is Doing About It

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UPDATE Equity Bank has been on a hot seat over the last couple of...

Equity Launches 0763000000 Line for All Outgoing Calls To Customers

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Customers will be called from a 0763000000 line in a unifying effort that will see them identify an official number easily.
Telkom Kenya

Telkom, Safaricom Lose Market Share as Kenya Hits Record High Mobile Penetration

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New numbers from the Communications Authority of Kenya (CA) are here. As it has always been the case, the numbers round up several elements...
Airtel Africa

Only Airtel Kenya Gained Market Share in Mobile Subscriptions in Q2 2019/2020

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The latest sector statistics numbers from the Communications Authority of Kenya are here. The Authority, which is tasked with the policing of the ICT...
Equitel bundle riziki cover

Equitel Rolls Out New Bundle With Minutes and Insurance Cover

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Equitel has announced today a new telephone bundle that will offer its customers both talktime and insurance cover. This is a collaboration between Equitel, Equity...
Telkom

Telkom Hits 100K T-Kash Customers One Year After Launch

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The Communication Authority’s Sector Statistics report for the second quarter of the FY 2018/2019 has been out for some time now. It includes several...
Investor Briefing

Equity Bank Agent Network Second to M-Pesa as Lender Reports KES 15.8 Billion Q3 Earnings

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Yesterday’s Q3 financial announcements by Equity Bank were marked by the group’s ascent toward digitizing its banking services. The lender has been popularizing the...
Mpesa

M-Pesa Loses Ground on Person-to-Person Money Transfers (UPDATED: NO THEY AREN’T)

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UPDATE: The article below was based on figures provided by the Communications Authority of Kenya reporting on the mobile money transactions during the first...
AliPay WeChat Pay

Alipay and WeChat Pay Coming to Kenya via Equitel

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The recent influx of Chinese expatriates in the country, thanks to a number of China-funded projects, has seen a spike in a number of...
Mobile money transfer

Airtel Money, Equitel Drop Free Money Transfers and Paybill

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Subscribers who use mobile money services deployed by Airtel Kenya and Equity Bank’s MVNO, Equitel, will no longer enjoy free select services that have,...
safaricom ceo bob collymore medical leave

Safaricom Losing Market Share as Airtel, Telkom Gain Ground

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The Communications Authority of Kenya (CA), has released sector statistics report for the period October to December 2017. According to the report, Kenya's mobile...
Airtel Africa

Airtel Kenya Clears Communication Authority’s 4G License Tab

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About a week ago, we reported that there have been several sightings of Airtel 4G across different parts of the country and some customers...
Equitel bundle riziki cover

Equitel New Offer Bundles Data, Voice and SMS into Three Modest Packages

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Equity Bank has been offering mobile communication service for some time now. Its jump into this business was hastened by Kenya’s open market for...

Equity’s Mobile Banking App is in Desperate Need of an Update

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We are in that future where industry prophets foresaw the phasing out of trips to the bank to do minor things like check the...

Equity Bank is Closing Some of its ATMs to Encourage Mobile Banking Uptake

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Companies deploy multiple strategies to boost profits without spending huge amounts of money, and the newest organization to take on this approach is Equity...
BRANCH APP

Mobile Money Solutions for Loans Still Soaring as Branch Reports a 15% Monthly Bump Since Launch

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Branch, a Facebook-linked app that allows its users to score small loans through Safaricom’s mobile payment solution, M-Pesa has reported a 15% monthly growth. The...
Equitel bundle riziki cover

Equitel To Roll Up its Sleeves and Get Serious With its Mobile Network Unit

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It is not a secret that Equitel has been doing really well when it comes to mobile money. Since its inception in July 2015,...

Equity Bank’s Digital Banking Products Gain Further as Income from Loans Takes a Hit

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The banking sector as a whole, is one that has hit the headlines with all sorts of fintech announcements. From the recent one with...
smartphone in Kenya

Kenyas Mobile Subscriptions Drop in Latest Regulator Quarterly Report

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Kenya's Communication Authority has published the quarter 3 2016 Telecommunication sector statistics report for the quarter ending September. As usual the report compares a quarter...
Equity Bank CEO, Dr. James Mwangi

Equity Bank is Making Bold Strides Towards Becoming a Fully Digital Bank

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  In 2015, Equity Bank through its subsidiary Finserve Africa limited launched its MVNO called Equitel. An MVNO is a mobile carrier that comes in, leases...
equity

Equitel accounted for 82% of Loans Issued by Equity Bank

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Equity Bank has today announced its Half Year 2016 results, which has seen its Pretax profit rise 18% to Kshs. 18.2 Billion. The Bank's...

Equity Bank’s Equitel adds New Feature Targeting Chamas

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In the Q3 2016 report by the Communications Authority of Kenya, Equity Bank’s Equitel gained 0.7% market share to 4.4% with 1.6 Million subscribers....

Equity Bank’s Equitel named Best Mobile Banking Platform in Banking Awards

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In 2015, Equity Bank through its subsidiary Finserve Africa limited launched its MNVO called Equitel. An MNVO is a mobile carrier that comes in, leases...

Equity Bank looks to Equitel to grow SME lending

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Last week, Equity Bank released their Q1 2016 results where the bank saw its profit before tax rise 20% to 7.2 Billion. The company's growth...

Equitel’s Transaction Volumes rose 562% as Equity Bank turns Digital for Growth

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Equity Bank has today announced its  Q1 2016 results where the bank saw its profit before tax rise 20% from Kshs. 6.1 Billion to...

Safaricom’s Subscribers decline while Equity’s Equitel grow by 29%

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The Communications Authority of Kenya has released Q2 sector statistics report for the financial year 2015/2016 (October-December 2015). In the report, the CA highlights...
Equitel SIM card

Equitel wins Case Challenging awarding of its MNVO Licence

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In 2014,  Kenya opened up the market by legislation to Mobile Virtual Network Operators (MVNOs), basically meaning a mobile carrier can come in and...
Mpesa Agency

M-Pesa leads in Mobile Money with 22 Million Customers and 94,000 agents -CA

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The Communication Authority of Kenya released the Q1 2016 statistics report for the period between July and September 2015 on the mobile telephony sector. The...

Equitel registers 23% Growth in Subscribers as Mobile Penetration in Kenya hits 88.1% of Population

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The Communications Authority of Kenya has released Q1 sector statistics report for the financial year 2015/2016 (July-September 2015). In the report, the CA highlights...
Equitel bundle riziki cover

Half of Equity Bank’s Cash Transactions now Performed via Equitel

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Equity Bank launched its Mobile Virtual Network Operator Equitel in July 2015. An MNVO is a a mobile carrier can come in and lease...

Airtel Money Registers Negative Growth as Mobile Money Subscribers hit 27.7 Million

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The Communication Authority of Kenya released the fourth quarter statistics report  for the period between April and June 2015 on the mobile telephony sector....

Mobile Data Propels Kenya’s Internet Penetration to 69% of the Population

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The Communication Authority of Kenya has released the fourth quarter statistics report  for the period between April and June 2015 on the mobile telephony...

Equitel to Introduce Medical Insurance Product Tied to Mobile Subscribers’ Consumption Habits

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In July, Airtel Kenya partnered with Pan Africa Insurance and MicroEnsure to bring a new product to its subscriber base. The product, Airtel Insurance...
Equitel SIM card

How Much Do Equitel Services Cost Compared To Safaricom?

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Yesterday, Equity Bank launched Equitel, a mobile payment and banking platform. Equity also announced that the number of subscribers has hit 1 million users,...

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