Equity Bank has announced plans to retire its EazzyBanking mobile application, one of the bank’s first forays into digital banking through its fintech subsidiary, Finserve Limited.
After standing as Equity’s flagship mobile banking solution since its launch in 2016, the EazzyBanking App will officially be discontinued on March 15th, 2024.
In a notice sent to EazzyBanking App customers, Equity Bank requested all remaining users migrate to the new Equity Mobile App prior to the March 15 deadline.
Understanding the Transition
The retirement of the innovative yet aging EazzyBanking App platform is intended to make way for Equity’s more robust and feature-rich Equity Mobile App, now available for download.
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The Equity Mobile App was designed entirely in-house by Finserve’s development teams to provide a modernized, user-friendly mobile banking experience meeting the demands of Equity’s expanding customer base.
While the EazzyBanking App granted customers sufficient functionality for daily transactions, changes in the mobile landscape prompted Equity to upgrade capabilities to fit evolving customer expectations around digital banking convenience, flexibility, and security.
Features and Benefits of the Equity Mobile App
1. Enhanced Functionality
The Equity Mobile App offers a wide range of functionalities, surpassing the 60 features previously available on the EazzyBanking App. Users can perform tasks such as account balance inquiries, fund transfers, loan applications, and scheduling payments.
2. Integration with International Remittance Platforms
The new app integrates with international remittance platforms like PayPal and Western Union, allowing users to conveniently send and receive money internationally.
3. Diverse Loan Options
The Equity Mobile App provides various loan options, including one-month loans, installment loans, pension loans, salary loans, and ecosystem loans. Users can borrow up to Ksh 5,000,000, catering to different financial needs.
4. Wealth Growing Opportunities
For users interested in wealth growth, the app offers a range of products and services to support their financial goals. It includes different savings account options such as call deposit, classic savings, fixed deposit, and more.
5. Seamless Regional and International Transactions
The Equity Mobile App enables users to transfer funds to other Equity Bank accounts regionally and internationally, facilitating regional and international trade. It also allows users to send money to mobile wallets and make payments to the One Equity Till Number.
The Future is Mobile
As a forward-thinking financial institution, Equity Bank acknowledges that mobile is the future of banking in Kenya and abroad. More customers are managing their finances primarily via mobile devices.
The bank’s new Equity Mobile App allows customers to enjoy world-class mobile banking regardless of their OS preference, with native apps available across Android and iOS devices.
Contact your local Equity branch for assistance installing the Equity Mobile App before EazzyBanking is discontinued next month.
