Equity Bank Group has teamed up with Google to announce BebaPay. The solution is a payment card which will provide a quick and convenient way to pay for bus fares without cash. The technology allows commuters to tap their BebaPay cards on a card reader to pay, making it easier for commuters to transact with operators.
“We are excited at this partnership with our technology partners which is in line with our commitment to continue innovating financial products and services that make it easier and convenient for our customers when they are paying for goods or services,” said Dr. James Mwangi Group CEO, Equity Bank. “Our vision of a cashless economy is one of our strategic focus and is achievable through collaborations with other industry leaders who share this vision such as Google,” he added.
Bus operators in the country will be able to use the BebaPay application on their smartphones to accept payments from BebaPay cards. Commuters will receive free SMS receipts on their mobile phones making it easier to budget and manage their travel expenses.
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