Equitel rolls out 4G community service

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Thursday August 12 2021


Prospects at an Equity Bank branch in Nairobi. FILE PHOTO | NMG

Equitel has rolled out its fourth-period (4G) community service to provide customers improved Net banking providers.


The Equity Community’s #ticker:EQTY mobile digital community operator stated its novel 4G broadband service will offer quicker making an try speeds to plod, obtain and upload. 


“The novel Equitel 4G SIM will tackle the concerns of late Net connection and restricted files coverage,” Finserve Africa Managing Director and Equity Community IT and Operations Director Lanre Bamisebi stated on Thursday.

The SIM cards are available at Equity Bank branches.


The initiate comes at a time when the utilization of digital banking is rising driven by deepened buyer shift to cashless transactions in the wake of Covid-19.

Equitel registered 14 p.c growth in buyer transactions from 65.4 million in the first three months of 2021 when when in contrast with a same quarter remaining year, in step with Equity Community 2021 Q1 outcomes. The worth of transactions grew by 163 p.c from Sh160.5 billion to Sh421.8 billion in the interval.

Equity Community posted a 64 p.c jump to Sh8.7 billion in the quarter driven by solid growth in each interest and non-interest earnings.

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