The system which will allow users to transfer money from an account in one bank to an account in a different bank at much cheaper rates than currently in the market is set for launch in November.
The project is being spear headed by the Kenya Bankers Association and has an IT implementation team as well as external consultants.
KBA chief executive Habil Olaka, says the system once in place will cut the tedious process of a customer having to first withdraw money from their bank account into their MPESA and then having to send the money via the mobile platform to another person's MPESA account.
Instead, they will be able to transact directly between themselves with the new system.
KBA chief executive Habil Olaka, says the system once in place will cut the tedious process of a customer having to first withdraw money from their bank account into their MPESA and then having to send the money via the mobile platform to another person's MPESA account.
Instead, they will be able to transact directly between themselves with the new system.
Sounds like Craft Silicon's Elma? http://bankelele.co.ke/2014/09/mobile-monday-craft-silicon.html
ReplyDeleteEquity is already ahead of the pack with Equitel and you can use it to send to other banks with your phone connected to your bank account(s)
ReplyDeleteThis comment has been removed by the author.
ReplyDeleteInteresting product that will be if this is true.
ReplyDeleteBANKING AS A SERVICE PLATFORM
ReplyDeleteTraditionally, services have solved specific functional needs; food for example, was a process of purchase and preparation at the very least, or going out to eat, involving distance, time, travel and expense.