Equity Bank invests in an East and Central African payment platform

A general view shows the Equity Bank headquarters in the Upper Hill district of Kenya’s capital Nairobi,

Kenyan bank Equity Group’s fintech business Finserve is betting on a new payment platform for customers and businesses across East and Central Africa to tap into the region’s e-commerce and remittances markets.

Finserve plans to work with financial services providers and businesses to merge payment options in East and Central Africa on to one payment platform, accessible via mobile apps and online sites, Finserve managing director Jack Ngare said.

“If you are a businessman doing business in, let’s say, Tanzania and you want to move to Uganda, then you can … use our platform as soon as you land in Uganda to accept payments,” he said in an interview.

Ngare said…

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