Mastercard and Equity Bank have partnered to enable Equity Bank customers to send money safely and securely to 30 countries.
This collaboration marks a significant milestone for cross-border financial transactions in Kenya.
Remittances are a key economic driver in Sub-Saharan Africa with a reported $53 billion (Ksh.6.89 trillion) flowing into the region in 2022.
Cross-border remittances unlock financial inclusion by empowering individuals to access formal financial services, ultimately fostering economic growth and stability in the region.
Through Mastercard Cross-Border Services, Equity Bank customers will be able to send funds through any Equity Branch Location in Kenya.
This platform offers a suite of benefits including faster transaction times, enhanced security measures and competitive pricing, making cross-border transactions accessible to consumers across Equity Bank’s expansive market network.
“Providing innovative solutions that deliver the choice, security, and flexibility that customers transacting from Kenya need and expect is a factor we take pride in,” said Mark Elliott, Division President for Sub-Saharan Africa at Mastercard.
