Equity Bank launches mobile services in Rwanda

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(image: TransUnion)
Equity Bank launches mobile services in Rwanda
Equity Bank launches mobile services in Rwanda. (image: TransUnion)

Equity Bank has introduced a range of digital solutions in Rwanda. The Eazzy Banking suite of products includes the EazzyBanking app, which is available for both Android and iOS.

The app enables customers to open accounts, send money to bank accounts or mobile wallets, apply for and repaying loans, and pay utility bills.

Equity Bank Rwanda MD, Hannington Namara said that the launch of the Eazzy Banking suite of products led by the flagship solution, EazzyBanking App, marked the bank’s aim to further the government’s agenda of making Rwanda a digital hub by the year 2020, with ICT driven services at the heart of all sectors of the economy.

“We are investing in these digital solutions to bring banking services closer to the people by expanding to the unbanked masses as well as improve financial service delivery. The EazzyBanking suite of products caters for the increasing preference by Rwandans for self-service channels,” he added.

The suite also includes a retail internet portal where customers can manage their bank accounts known as EazzyNet; an interoperable payment platform known as EazzyPay which allows one to pay for bills such as TV subscriptions as well as buy and pay for goods and services at registered merchant outlets; a mobile-based loan product known as EazzyLoan; as well as a cash and liquidity management solution for SMEs, Corporates and large organisations or institutions known as EazzyBiz.

In addition, Equity Bank also plans to roll out other products under the EazzyBanking suite such as EazzyChama, a solution to assist welfare clubs, investment clubs and groups manage their joint finances and investments; a real-time bulk payment solution that allows one to automate electronic fund transfers, RTGS and mobile transfers called EazzyRemittance; and banking capabilities packaged as APIs exposed through an EazzyAPIs platform.

Edited by Fundisiwe Maseko
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