In Summary
  • Sources at Equity Bank confirmed the planned roll-out saying they have ordered the thin SIM cards and the consignment will be in Kenya “in a few days.”
  • A rate card issued out by the firm shows that its pre-paid call rates to all networks will cost Sh4 per minute. Text messages will be charged at Sh1 each while data bundles will be priced at Sh4 per Mb.
  • The lender was issued with a licence by Communication Authority of Kenya (CA) to operate mobile phone and money transfer services as a mobile virtual network operator (MVNO) through its subsidiary Finserve Ltd.

Equity Bank is set to start issuing the thin SIM card defying a parliamentary order to suspend the pilot roll-out pending independent assessment of the technology.

Taisys Technologies Co Ltd, the firm manufacturing the thin cards for the bank, confirmed this on Tuesday in a statement sent to media houses. 

“Equity Bank customers can now enjoy funds transfer, micro-payments and other mobile financial services that are agnostic across mobile devices, including traditional basic-feature phones using Taisys’s ‘mBanking’ and ‘duoSIM,’” the statement read.

Sources at Equity Bank confirmed the planned roll-out saying they have ordered the thin SIM cards and the consignment will be in Kenya “in a few days.”

The lender was issued with a licence by Communication Authority of Kenya (CA) to operate mobile phone and money transfer services as a mobile virtual network operator (MVNO) through its subsidiary Finserve Ltd.

The roll-out process will be conducted on a pilot basis as directed earlier by CA and Central Bank of Kenya last month. The authority said it will advertise a tender for an independent firm to conduct a study on the thin SIM card during the piloting.

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