Updated ---28/07/2019
Equitel MVNO mobile banking is the latest innovation of Equity Bank, Kenya. It has been a real game changer in mobile money transfer technology. Before its entrance into this industry, other players such Safaricom, Airtel, Orange and Yu were already in place.
Equitel has been banking on its huge customer base (about 9 million) to have a slice of the cake.
Benefits of Equitel line over others:
1. You can send or receive any amount of money to any other line. The sending charges is capped at about Ksh. 64 while other lines have graduated charges. Meaning, the more you send, the more you pay.
2. You can pay utility bills free of charge.
3. You can send from your line to the rest. All you have to do is to link your account to the Equitelline .
4. Charges for sending money directly from your line is cheaper than withdrawing from an ATM or bank, load to an Mpesa line and then send it.
5. With a linked account, you can access your money any time. They also have a mobile application that you can install on your Android smartphone or Iphone
6. Equitel account makes international e-commerce venture possible via its partnership with PayPal.
Other benefits are that:
1. You can access internet via this line
2. You can voice-call just like with other lines.
3. If you have a single-line or twin-sim card phone, you can embed a thin-sim on top of the firsts line, and access it without removing its battery by doing an auto swap.
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