Equity Bank is issuing ordinary SIM cards to its 8.7 million customers but none of the thin SIM technology since another lawsuit has been filed against it.
Equitel will be using the prefix 0763. The account holders will be able to get access to their bank accounts through mobile handsets and also transfer money to other bank accounts, M-Pesa, Airtel and Orange Money.
Toping up of airtime will be done through Equity Bank accounts or the Equity agents. This will reduce any costs associated with printing and distribution of scratch cards.
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