Equity partners with Pete’s Cafe to drive cash-lite transactions

Equity Bank has partnered with a Nairobi Based cafe Pete’s Cafe. Equity cardholders will get a 10 per cent discount. Or free food delivery via Glovo for ordering from any of the Cafes outlets. The offer runs from 1st April to 30th June for take away meals and home deliveries.

The partnership is in line with Kenya’s government is taking action to encourage contactless payments to curb Coronavirus pandemic escalation. Banks have gone ahead to promote cashless payment by waiving transaction charges, among others.

In line with Equity’s strategy to drive innovations through e-payments, the deal will see the Bank achieve its dream. The partnership is also in support of the government’s drive on cashless payments to mitigate the transmission of Coronavirus. Customers will enjoy the services as they adapt to the new normal of working from home deal with Pete’s Café outlets located in Nairobi.

Additionally, the Bank has welcomed directives and advisories issued by the Government and CBK to help alleviate the pain felt across the country, which the Bank has fully supported. 

“inline with this reality, and in keeping with our core belief of giving dignity and socially and economically empowering our customers and communities. We wish to announce that we have waived all Equity to mobile wallet transactions. Including customer payment with Equity Card at zero charges to provide relief and help cushion our members and Kenyans at large.” 

Additionally, Short term Personal and Micro Loans will now be processed digitally on mobile and internet and credit cards. 

The Bank’s business model continues to evolve from a fixed to a viable cost business model. And they are leveraging off variable cost and 3rd party infrastructure such as merchant banking.

Equity has been successful in this through Universal Point of Sale that converges the mobile wallets, cards, and digital payments. Which in 2019, saw the bank record a 13% growth in commissions through its extensive network of merchants.

Val Lukhanyu

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