Equitel & Jambojet in payments partnership

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Equity Bank customers can now buy Jambojet air tickets through the EazzyPay service using the Paybill Number 737700 through their Eazzy Banking App or Equitel Lines.

Jambojet now joins its sister company Kenya Airways at having an EazzyPay Paybill number, allowing customers to buy air tickets for the two carriers using their Eazzy Banking App or  Equitel lines. Kenya Airways’ Paybill number (777887) was introduced last month.

EazzyPay service is targeting to register over 1 million merchants in the next three years as part of its digital banking strategy that was unveiled in late 2016.

The latest quarterly statistics report from the Communication Authority (CA) shows that the value of transactions processed through Equitel stood at Ksh219.6 billion out of Ksh1.08 trillion that was transacted between July and September 2016, which translates to a 20 per cent market share.

This marked a 6 percentage point increase in market share from the preceding quarter which stood at 14 per cent (or Ksh139 billion of Ksh957 billion that was transacted overall).

According to the recent CA report,  the number of Equitel subscribers as at September 2016 now stands at 2.09 million, making Equitel mobile service the fastest growing telco.

CA’s latest quarterly report further shows that Equitel users carried out 63.9 million transactions in the said quarter up from 56.9 million transactions in the preceding quarter.