The Kenya Times recently reported the expansion of Equity Bank Limited (EBL), a Kenyan commercial microfinance bank, into internet banking. EBL hopes to serve locals unable to access EBL’s branches as well as the thousands of Kenyans living in Diaspora by offering access to their accounts remotely. EBL’s internet platform will provide capabilities for monthly salary transfers, remittances, money transfers and foreign currency issuance.
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