Equity Bank Determined to Challenge M-Pesa’s Monopoly in Mobile Banking

Tuesday, October 7, 2014

Equity Bank is determined to challenge M-Pesa monopoly following an announcement made by Taisys Technologies where Equity Bank will be issuing a ultra-thin mobile banking smart SIM with patented technology from Taisys.

The Equity Bank mobile banking smart SIM powered by Taisys Technologies will provide mobile banking and mobile communication services.

Among the key privileges Equity Bank customers will enjoy are funds transfer, micro-payments and other mobile financial services that are agnostic across mobile devices, including traditional basic-feature phones using Taisys’s “mBanking” and “duoSIM”.

Source: AllAfrica (link opens in a new window)

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Base of the Pyramid, financial innovation, financial services, mobile money