MasterCard, a global payments firm, has joined forces with Equity Bank in Kenya to facilitate remittances to 30 countries, offering a seamless cross-border transaction experience for customers.
MasterCard, Equity Bank Partnership Revolutionizes Remittances in Kenya
Equity Bank customers will now have the convenience of transmitting funds through MasterCard’s cross-border services from any branch of the bank across Kenya. This partnership aims to provide numerous benefits to customers, including faster transaction times and competitive pricing, enhancing accessibility to cross-border transactions.
By leveraging MasterCard’s global brand and distribution network, the collaboration between MasterCard and Equity Bank ensures the safety and security of remittances, contributing to financial inclusion and the overall well-being of migrants and recipients.
Mark Elliott, President for Africa at Mastercard, emphasized the importance of providing innovative solutions that cater to the needs and expectations of customers in Kenya.
He expressed pride in collaborating with Equity Bank to bring such payment ingenuity to reality.
Fostering Inclusive Growth Across the Region
Dr. James Mwangi, Group Managing Director and CEO of Equity Group Holdings, highlighted the commitment of Equity Bank to providing accessible financial solutions that evolve to meet the changing needs of customers.
He emphasized the role of this collaboration in fostering inclusive growth across the region.
The partnership between MasterCard and Equity Bank signifies a significant step forward in revolutionizing the remittance landscape in Kenya, promising a more efficient, secure, and inclusive financial ecosystem for customers.
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