">
TechMoran
  • About Us
  • Deals
  • Jobs
  • Motoring
    • Money
  • Pitch Your Startup
  • Submit Your Post
  • Freelance Gigs
  • Travel
  • Men’s Corner
  • Dating
Tuesday, January 19, 2021
  • Startups
  • Reviews
  • Insider
    • Obituaries
  • Business
  • Women
  • Blockchain
  • Columnists
  • Hacks & Facts
    • How To
  • Editions
    • US Edition
    • India Edition
    • MENA Edition
    • Asia Edition
    • Europe Edition
    • International Edition
No Result
View All Result
TechMoran
">
Home Tech

Helb signs Deal With Local Banks To Track Borrowers Using Smartcards.

Shiko Gathoni by Shiko Gathoni
7 years ago
in Tech
3 min read
0

Higher Education Loans Board has partnered major banks to develop pre-paid electronic cards which students will use to pay for tution, upkeep, buy books and stationery.

The new system will allow for tracking of borrowers’ future bank transactions and helb build financial profiles of Helb beneficiaries, including their payment records. KCB Group, Chase Bank, National  Bank, Equity Bank Jamii Bora Bank and NIC Bank are the financial institutions involved in the process.

With the board currently sending between sh27,000 and sh52,000 to undergraduate students’ bank accounts in two equal instalments while sh8,000 is wired directly to universities as tuition fee. The new cards will have tap and go features based on the Near Field Communication technology.

“We want to start building the student credit history which will help the student as they build their credit scores for purposes of future borrowings from financial institutions,” said Helb CEO  Charles Ringera in an interview by the businessdaily.

The use of the cards will reduce the growing cases of misuse of student loans where funds meant for school fees is splurged on drinking alcohol buying electronics such as smartphones luxurious accessory. This will now serve as a fast and convenient ways to issue loans to students other than the usual bank transfers.

KCB Group is currently running a pilot study on the cards at Egerton University whereas Family Bank and London based payments firm sQuid is currently piloting the same at the Kenya Methodist University where students will receive loans directly as e-money and tap their cards on point of sale terminals for meals, accommodation, books, photocopying and other items.

READ  Facebook to reduce click –baiting headlines

 

Related posts

pregnant woman kenyan

Nakuru County Has Introduced Smart Watches That Will Monitor Expectant Mother

January 19, 2021
0

A Non-Profit American Organization Is Demanding For Telegram To Be Removed From The Apple Store

January 19, 2021
0

Mastercard, Unilever & KCB Bank to pump over $150,000 into SMEs in Kenya via their Jaza Duka program

January 18, 2021
0

Use these smart TV security tricks to protect your privacy

January 18, 2021
0
Readers 978

Share

  • Click to share on Telegram (Opens in new window)
  • More
  • Click to share on Tumblr (Opens in new window)
  • Click to print (Opens in new window)
  • Click to share on LinkedIn (Opens in new window)
  • Click to share on Pinterest (Opens in new window)
  • Click to share on Reddit (Opens in new window)
  • Click to share on Pocket (Opens in new window)

Like this:

Like Loading...

Related

Tags: Charles RingeraHelbsQuids
Shiko Gathoni

Shiko Gathoni

Related Posts

pregnant woman kenyan
Tech

Nakuru County Has Introduced Smart Watches That Will Monitor Expectant Mother

January 19, 2021
0
Social media

A Non-Profit American Organization Is Demanding For Telegram To Be Removed From The Apple Store

January 19, 2021
0
Business

Mastercard, Unilever & KCB Bank to pump over $150,000 into SMEs in Kenya via their Jaza Duka program

January 18, 2021
0
Tech

Use these smart TV security tricks to protect your privacy

January 18, 2021
0
A salesman checks a customer's iPhone at a mobile phone store in New Delhi, India, July 27, 2016. REUTERS/Adnan Abidi
Mobile

How To Measure How Much You Walk On Your iPhone

January 17, 2021
0
cryptocurrencies

History of Binance: The Success and Failure of One of the Most Popular Cryptocurrency Exchange

January 15, 2021
0
How To

How to fuliza by Safaricom guide

January 15, 2021
0
Tech

ASUS debuts new ZenBook Duo | Pro Duo, VivoBook, ExpertBook and Chromebook laptops at CES 2021

January 15, 2021
0

https://bit.ly/2VOxuoBhttps://bit.ly/2VOxuoBhttps://bit.ly/2VOxuoB
ADVERTISEMENT

Join our Mailing List

Loading

Recent Posts

pregnant woman kenyan

Nakuru County Has Introduced Smart Watches That Will Monitor Expectant Mother

January 19, 2021
uhuru

Here’s Why Facebook Flagged Uhuru’s Congratulatory Message To Museveni

January 19, 2021
digital marketing seo

6 Things A Digital Marketing Report Should Contain

January 19, 2021

Top Graphic Design 2021 Predictions

January 19, 2021

A Non-Profit American Organization Is Demanding For Telegram To Be Removed From The Apple Store

January 19, 2021
">
">

Follow Us

">

There are many sites out there focused on blowing off some steam, from funny entertainment to thrilling experiences like playing online, in some cases online gaming could grant you the chance to win extra money. We came across rocketpot.io while browsing for a good btc casino online and it left us a very good impression with their wide variety of games and crypto offering.

Privacy & Cookies: This site uses cookies. By continuing to use this website, you agree to their use.
To find out more, including how to control cookies, see here: Cookie Policy

© 2019 Moran Media Group - All rights reserved TechMoran.

No Result
View All Result
  • Startups
  • Reviews
  • Insider
    • Obituaries
  • Business
  • Women
  • Blockchain
  • Columnists
  • Hacks & Facts
    • How To
  • Editions
    • US Edition
    • India Edition
    • MENA Edition
    • Asia Edition
    • Europe Edition
    • International Edition

© 2019 Moran Media Group - All rights reserved TechMoran.

Login to your account below

Forgotten Password? Sign Up

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.
%d bloggers like this: