Wednesday, April 14, 2021
TechMoran
  • 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
  • Classifieds
No Result
View All Result
TechMoran
">
Home Business

Equity and Safaricom end rivalry to start building fintech platforms together

Milcah Lukhanyu by Milcah Lukhanyu
2 years ago
in Business
9 min read
0

The partnership will see both organizations work towards creating more opportunities to empower Kenyans using a mix of technology and financial solutions.

Equity Group Holdings PLC and Safaricom PLC have today announced plans to create a joint transformation agenda that aims to enable more Kenyans to access critical services using an innovative combination of technology and finance.

Through collaboration that will align their joint purpose to transform lives, Equity and Safaricom hope to build more inclusive financial products, explore regional synergies, simplify cash delivery between their agents and share technical knowledge to build a common approach to risks such as fraud and cyber-security.


Safaricom CEO, Bob Collymore addresses the room at the signing of the landmark agreement between Equity Group and Safaricom

“At Safaricom, we are continuously driven to explore new ways to provide our customers with the best possible experience on our network. As we continue on our journey to become a more widely accessible digital platform, symbiotic partnerships like this one will unlock new opportunities for our entire ecosystem to benefit from enriched innovation – all based on a socially conscious business model,” said Bob Collymore, CEO, Safaricom.

Specifically, the collaboration will see both companies work together to identify and deepen financial opportunities for Kenyans. Despite years of commendable progress, the majority of Kenyans continue to lack access to essential financial services. Both Equity and Safaricom have built their operations around the belief that technology and innovation can spur growth and create new opportunities for growth in areas like mobile financial services.


Dr. James Mwangi addresses the room at the signing of the landmark agreement between Equity Group and Safaricom

“Equity’s purpose is to transform lives and livelihoods of our people socially and economically by availing them modern inclusive financial services that maximise their opportunities. We continuously champion, collaborate and partner to bring this purpose to life. We will harvest, channel and transmit the benefits of the robust macro-economic growth characterized by national infrastructure investments into advantages and opportunities for the ordinary Kenyans especially those in real economy, agriculture, micro, small and medium businesses and enterprises. Our ambition is to be the region’s leading bank, and we continuously harness the power of technology to create opportunities to transform how people access and consume financial services. We strive to respond to our customers’ emerging needs, aspirations and preferences. As demand for these services evolve in tandem with the changing lifestyles, we are positioning ourselves to create new bridges of opportunity for Kenyans by combining the empowering nature of access to credit with the reach and transparency of technology,” said Dr. James Mwangi, CEO, Equity Group Holdings.


Bob Collymore (l) and Dr. James Mwangi (r) sign the landmark agreement between Equity Group and Safaricom

The collaboration will also see both parties enter into mutually beneficial agreements to maximize the ability of more people to benefit from inclusive, tech-driven financial services. Equity and Safaricom have grown thanks to strong partnerships with dynamic entrepreneurs such as their dealer and agent networks. This alliance will enhance and streamline dealer financing for such groups.

READ  Liquid Telecom Kenya to Continue to Power Kenyan Learning Institution

Related posts

Mi Vida Leveraging Over 200 Years Real Estate Experience to Bring Affordable Housing to Kenya

April 13, 2021
0

AppGallery touting operational support, data analytics, security & marketing to onboard local banking apps

April 7, 2021
0

Uber & Mastercard extend digital payment partnership across the Middle East & Africa

April 7, 2021
0

LG shuts down loss-making mobile phone business to focus on EVs, IoT and B2B Solutions

April 5, 2021
0

Network International hires new executive to drive growth in Sub-Saharan Africa

April 5, 2021
0

Airtel Africa’s Mobile Money Business Raises $100m from Mastercard

April 1, 2021
0

Lastly, as technologies continue to evolve, the partnership will facilitate more knowledge transfer opportunities between the two organizations, allowing technical staff to build their skills and enhance understanding of emerging risks such as fraud and cyber-security.

The partnership, which will initially focus on building bridges between the work of the two organizations, was today formalized during a formal signing ceremony attended by the CEOs of both organizations.

Readers 3,187

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: equity bankSafaricom
Milcah Lukhanyu

Milcah Lukhanyu

Milcah Lukhanyu covers daily news briefs at TechMoran. She is the person who will probably read your press release and get the story out of it or totally trash it. Send tips to [email protected]

Related Posts

Business

Mi Vida Leveraging Over 200 Years Real Estate Experience to Bring Affordable Housing to Kenya

April 13, 2021
0
Business

AppGallery touting operational support, data analytics, security & marketing to onboard local banking apps

April 7, 2021
0
Business

Uber & Mastercard extend digital payment partnership across the Middle East & Africa

April 7, 2021
0
Business

LG shuts down loss-making mobile phone business to focus on EVs, IoT and B2B Solutions

April 5, 2021
0
Business

Network International hires new executive to drive growth in Sub-Saharan Africa

April 5, 2021
0
Business

Airtel Africa’s Mobile Money Business Raises $100m from Mastercard

April 1, 2021
0
Business

How to use PayPal’s New “Checkout with Crypto” Feature

March 31, 2021
0
Business

MFS Africa hits new milestone with 320+ million mobile money wallets covered

March 31, 2021
0
Business

Telegram raises $1B from Russian Direct Investment Fund, Mubadala & Abu Dhabi Catalyst Partners

March 25, 2021
0

ADVERTISEMENT

Join our Mailing List

Loading

Recent Posts

Facebook is bringing ‘sparked’ a video speed dating app to beef up online dating

April 14, 2021

Five Pro Tips to Create the Perfect Video

April 13, 2021

Associated Equipment designs high quality battery charging and diagnostic products.

April 13, 2021

FarmDrive provides Kenyan farmers with alternative credit scoring.

April 13, 2021

AZA is a platform for your currency trading solutions.

April 13, 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
  • Classifieds

© 2019 Moran Media Group - All rights reserved TechMoran.

Login to your account below

Forgotten Password? Sign Up

Fill the forms bellow to register

*By registering into our website, you agree to the Terms & Conditions and Privacy Policy.
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: