If you’re a Kenyan living in the United Kingdom or the United States, there’s a new way for you to send money home to your loved ones or make investments in Kenya. Equity Bank Kenya has teamed up with NALA Payments, a licensed remittance payment processing platform, to make it easy for you to send money directly from your bank to Equity Bank accounts and other mobile wallets in Kenya.
Here’s how it works:
- Download the NALA app from the App Store or Google Play.
- Set up your NALA account by providing your personal and banking information.
- Select “Send Money” and choose Kenya as the recipient country.
- Enter the amount you want to send and the recipient’s mobile wallet number or Equity Bank account number.
- Review and confirm the transaction details, including the exchange rate and fees.
- Complete the payment using your bank account or debit/credit card.
That’s it! Your recipient will receive the money instantly and at the most competitive rates. The process is simple and fast, thanks to NALA’s technology and Equity Bank’s strong financial infrastructure.
But that’s not all. NALA is also opening a new office in Nairobi, where a third of the company’s staff will be based. This will allow NALA to better serve its users in the UK and US who want to save and invest in the Kenyan economy.
According to NALA CEO Benjamin Fernandes, the partnership with Equity Bank is a “foundational step” towards increasing economic opportunities globally. “Combining NALA’s technology with Equity Bank’s reach allows us to build a stronger financial infrastructure for Kenyans worldwide,” Fernandes said.
Robert Kiboti, Equity Head of Private Banking, added that the partnership will cement the bank’s position as the leading provider of remittance services for Kenyans in the diaspora. “Equity will continue to partner with like-minded partners such as NALA to ensure that all its members have access to seamless and most competitive remittance services,” Kiboti said.
NALA and Equity Bank are working to change the financial landscape in Africa by providing fair and transparent services that empower people with control over their finances. If you’re a Kenyan living abroad, be sure to check out NALA and start sending money home the easy way.