Equity Bank Rwanda launches digital banking solutions
Equity Bank plans to provide solutions to automate electronic fund transfers and mobile transfers called EazzyRemittance; and banking capabilities packaged as APIs exposed through their platform.
Thu, 30 Nov 2017 10:31:54 GMT
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AI Generated Summary
- Equity Bank Rwanda positioned as top five bank in terms of size
- Expansion of financial services through agency platform and digital solutions
- Focus on promoting financial inclusion and accessibility
Equity Bank Rwanda has been making significant strides in the banking sector, positioning itself as one of the top five banks in terms of size. In a recent interview with CNBC Africa, Hannington Namara, the Managing Director of Equity Bank Rwanda, emphasized the bank's commitment to driving impact and transforming lives through innovative solutions. Namara highlighted the success of the bank's agency platform, which now boasts 1,500 agents, providing banking and financial services even in remote areas where opening a traditional branch would not have been viable. This move has greatly contributed to expanding access to financial services and promoting financial inclusion in Rwanda. Equity Bank Rwanda has also made waves in the market with the recent launch of a digital bank, revolutionizing the banking experience for customers. The digital transformation includes digitizing banking processes and allowing customers to open accounts seamlessly without visiting a physical branch. This aligns with the government's push for financial inclusion, ensuring that all individuals have equal opportunities to access banking services. With the convenience of opening an account at an agency platform or through a mobile device, financial inclusion is no longer a barrier for the people of Rwanda. The launch of the digital banking solution reflects Equity Bank Rwanda's commitment to staying ahead of the curve and providing cutting-edge services to meet the evolving needs of customers in the digital age.