News stories featuring Equity Bank:
February 16th, 2015
BebaPay, a payment card launched by Google and Equity Bank in Kenya in 2013 that let users pay for their bus fare via NFC, is to be discontinued on March 15. “You can either replace your card with the new Equity prepaid MasterCard for free, finish your card balance by 15 March or get a refund after 28 March,” AllAfrica reports.
April 28th, 2014
Equity Bank, Kenya’s largest bank, is to provide more than 300,000 free NFC phones to retailers across the country for use as POS devices, ITWeb Africa reports. “Our new MasterCard ATM cards are tap-and-go hence the need to put mobile POS devices with merchants to process payments,” chief executive James Mwangi said. “The NFC-enabled phones and cards will help Equity Bank be well positioned to significantly increase volumes and commission from payment processing.”
May 1st, 2013
The BebaPay service is now live on buses in Nairobi and a free app enables any Android NFC phone to be used as a card reader. Shops, traders and small businesses will be able to use Google’s BebaPay in the future “to accept payments from customers, without needing expensive tills and cash registers.”
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