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Nairobi Business Monthly
Home»Latest News»Mastercard, Equity partner to accelerate cross-border cash transfers in Kenya
Latest News

Mastercard, Equity partner to accelerate cross-border cash transfers in Kenya

NBM CORRESPONDENTBy NBM CORRESPONDENT12th April 2024No Comments1 Min Read
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Dr. James Mwangi, Equity Group Managing Director and CEO (Left), engage with Mark Elliott, Division President for Sub Saharan Africa at Mastercard (Right).
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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.

The Nairobi Law Monthly September Edition

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.

The Nairobi Law Monthly September Edition
Equity Bank Mastercard
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