In Brief

Equity, Mastercard partner to enhance payments

Equity Bank has signed a Customer Business Agreement with Mastercard, aimed at giving customers a broad range of benefits from a wide selection of Mastercard payment solutions ranging from World and World Elite cards, corporate cards and virtual cards.

In addition, customers will perform a range of payments including cross-border remittance, e-commerce payments, QR and Tap on phone solutions.

Additionally, Equity and Mastercard will co-create payment solutions in tandem with changing customer needs especially in e-commerce, cross-border payments, and segment-based value propositions. Other innovations will include community pass solutions that will enable farmers and traders to access services via different identification methods such as QR, biometric and facial recognition.

The partnership will see Equity Bank offer modern payment capabilities across all its subsidiaries in Kenya, Uganda, Rwanda, Tanzania, South Sudan and DRC.

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