Equity Bank Gets Top Award for Pushing Highest Visa Card Volumes in 2018

PolyCarp Igathe, Managing Director, Equity Bank
PolyCarp Igathe, Managing Director, Equity Bank

For the second year running, Equity Bank has earned the top Visa Acquirer award at the Visa Awards for its contributing to a cashless economy.

Equity Bank has seen a 34 percent growth increase from Kshs. 40.3 billion to Kshs. 54 billion year-over-year. This impressive growth is largely due to its huge and reputable list of customers totaling 14,642 merchants.

Speaking about the award, Polycarp Igathe, the Managing Director, Equity Bank, noted:

“We are elated to receive the award, because it is evidence of our efforts towards the facilitation of cashless transactions, giving customers convenience and frictionless experience across the region by enhancing our card and payments processing services.”

Some of the bank’s notable clients include:

  • Naivas
  • Tuskys
  • Oil Libya
  • Total Service Stations
  • The Intercontinental Hotel
  • Quickmart Supermarkets
  • Simba Corporation Limited
  • Kenya Airways, KWS
  • The Nairobi Hospital
  • Chandarana Supermarkets
  • Furniture Palace
  • Tamarind Hotel
  • Text Book Centre

Equity bank, under its subsidiary company, FinServe, has recently launched a number of services in 2018 that have positioned the bank as one of the most innovative and forward thinking in Kenya and the region.

Without a doubt, Equity Bank will continue to dominate the cashless space as these services continue to gain mainstream adoption and widespread use across the region.