Banking and finance apps are one of the most sought after pieces of innovation in Kenya aiming to serve millions of citizens who are banked with a possibility of luring the unbanked to diverse product offerings.
While innovation and creativity in the Kenyan banking industry has been limited to SMS banking for a while, accredited finance institutions are quickly targeting native mobile application users more on the Android platform than any other mobile operating system.
We have come up with a list of the available apps on various platforms prominent among them being the Google Play Store.
This banking apps at the least will ease your hassle and reduce the time you have to spend in queues in various banking halls.
Barclays Bank of Kenya
Along with its Internet Banking service, the Barclays Bank of Kenya is among the banks in Kenya to have a complimentary mobile application launched in June 2013 that serves both personal and business clients. The application is available on the android platform for versions above 2.2. So far between 5,000 to 10,000 clients are using the application.
You can download Barclays Bank of Kenya app from the Google Play Store here.
Like most banking applications in Kenya, the Ecobank mobile banking allows its banking clients to top up their mobile phones with airtime from major mobile operators such as Safaricom and Airtel. Internet and External fund transfers are on the go which cuts down on the effort to meet the bankers in person. Available on the android platform for versions above 2.2, the app has between 1,000 to 5,000 users.
Being among Kenya’s most profitable banks, Equity Bank has a mobile banking application dubbed Eazzy 247 that opens up an opportunity for its clients to access their account financials including statements as well as pay bills such as electricity, water, HELB, DSTV bills and others. The app is available on the Google play store with downloads between 10,000 – 50,000. You can download from the Google Play Store here.
The application is also complimented by unofficial apps such as the Equity Direct Mobile which is a money remittance service serving the Kenya community and a less popular Equity Virtual Banking which features ATM locations among other features.
Family Bank (Pesa Pap)
Family Bank is a financial organization that is built around the idea of family and is popular with social groups and communities. Their laid back mobile application developed by Craft Silicon is efficient for servicing utility bills from various service providers in Kenya. The application is available on the android platform for versions above 1.6. You can download from the Google Play Store here.
NIC Bank Kenya
The NIC Bank is not left out when it comes to serving up its clients with the latest innovation. Though basic, the mobile banking application offers everything a banking client is looking for including online merchants and mobile money options. The application is available on the android platform for versions above 1.6.
Though not hosted on the play or app store, KCB’s mobile application can be download on their website offering the ability for users to send money to their mobile money accounts such as M-Pesa, check their balance as well as transfer funds. The application compliments the USSD service accessible via *544# on Safaricom Lines.
The bank has an attractive mobile banking app known as mfukoni which translate in English from Swahili as ‘In the Pocket’. Othe than, the application has an attractive interface and goes beyond that to provide service beyond the usual mobile application. Mfukoni also provides access to services such as insurance and unit trusts that are a product offering by the modern financial institution. You can download from the Google Play Store here.
The have a separate application for tablet devices available for versions 3.1 and up.
Banking will remain a core primary service but sure, banking as we know it will continue to evolve decade after decade.
Leave a comment and don’t mind pointing us to any apps that might have been missed.
Eazzy 247 is a mobile banking service by the Equity Bank of Kenya that allows you to access on your bank account using your mobile phone. It is available through Safaricom, Orange, YU and Airtel, making it easy for you to transact anywhere, anytime.
The mobile banking services has the following features
Airtime Top-up: Top up your own account, another person’s account in Equity or in another bank or request for emergency airtime.
Funds Transfer: Transfer money to your own account, another person’s account, to a mobile number or make your loan payments.
Cash Withdrawal: Withdraw cash through the ATM or at Equity Agent outlets.
Goods Payment: Pay for goods directly from your account at branded outlets.
Balance Enquiry: Check your account balance anytime.
Bill Payment: Pay your electricity, water, HELB or DStv bills anytime.
Loan Repayment: Request for a loan or an overdraft, enquire on your loan status and make payments through your phone.
Requests and Alerts: Request for your statement, cheque book, information on forex rates and stock prices. Alert the bank to stop your card or cheque. Receive transaction alerts every time you use your account.
Equity Bank of Kenya’s Lipa na M-Pesa paybill number is 247247. Their mobile banking service is dubbed Eazzy 247 thus the paybill number 247247.
The Procedure for depositing money via M-Pesa to your Equity Bank of Kenya account is as follows
Go to M-Pesa menu on your phone, select “Lipa na M-Pesa”
Select “Enter business no.” and enter the 247247 as the business no and press “OK”
Select “Enter account no” i.e. Equity Bank account number (e.g. 0100 xxxx xxxx) and press “OK”
Enter amount i.e. amount you want to deposit and press “OK”
Enter your M-PESA PIN and press “OK”
Confirm all the details are correct and press “OK”
You will receive a verification window from M-Pesa where you have 1 minute to verify that the details are correct, if correct, dismiss or ignore, if wrong, enter the number 1 and press OK to cancel the transaction
You will receive a confirmation SMS from M-Pesa immediately.
Equity Bank will then send you a confirmation SMS shortly.