In line with its commitment to poverty alleviation in Africa, Ecobank said it has gone into partnership with the federal government and Akwa Ibom state on the disbursement of the Millenium Development Goals (MDGs) family life Conditional Cash Transfer (CCT) Scheme.
Equity Bank is set to launch its Mobile Virtual Network Operator (MVNO) services in July 2014. after a successful foray in the local and regional banking sector,
The bank’s acquisition of a Mobile Network Operator license has shaken the country’s players in the mobile telephony sector as its entry can only heighten the already fever pitch competition.
According to Equity Bank CEO James Mwangi, the MVNO will integrate all its banking services into the mobile phone.
This will in essence pose a serious threat to Safaricom’s M-PESA which is currently the dominant mobile money transaction platform in Kenya and the region.
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