Follow us on Telegram for the latest Tech news and reviews



Equity partners with NALA to facilitate diaspora remittances to Kenya

Equity Bank has announced a new partnership with NALA to allow Kenyans in the diaspora to send money back home.

This partnership was announced last week and will make it possible for Kenyans in the UK and US to send money directly from their banks, through the NALA app to Equity Bank Kenya accounts and other mobile wallets.

“NALA’s mission is to increase economic opportunities globally and partnering with Equity Bank is a foundational step for us. Combining NALA’s technology with Equity Bank’s reach allows us to build a stronger financial infrastructure for Kenyans worldwide. Payments in Africa are 1% built, and technology enables us to make strides towards integrating the financial tools for advancement.” NALA CEO Benjamin Fernandes said.

NALA has previously signed a similar deal with Equity Bank in Tanzania.

On their part, Equity said, “The partnership will allow Kenyans living in the United Kingdom and the United States to send money directly from their banks, through the NALA app, instantly and at the most competitive rates to Equity Bank Kenya accounts and other mobile wallets.”

This announcement comes after NALA got a licence from the CBK to facilitate money transfers out of Kenya. The firm is also opening an office in Nairobi which will house a third of the organization’s workers.

Read: Cellulant Partners with NALA to Power Low-Cost Cross-Border Payments from the UK and USA into Africa

About author

Editor at TechArena. I cover all things technology and review new gadgets as I get them. You can reach me on email:
Related posts

M-Pesa services set to launch in Ethiopia


Branch, Zenka, Tala and other digital lenders investigated for resorting to debt shaming tactics to recover loans


Safaricom Ethiopia has officially been launched


Here are phones can get using Bonga Points in the Safaricom ‘Jisort Na Bonga Phone promotion'

Sign up for our Newsletter and
stay informed

Leave a Reply

Your email address will not be published.