Finserve Africa Ltd, a subsidiary of Equity Group Holdings says it has upgraded its virtual mobile network platform status to offer 4G high-speed broadband services.
The 4G high-speed broadband network offers faster speeds to browse, stream, download and upload for customers in line with current market demands.
Finserve Africa Managing Director, Lanre Bamisebi, who is also the Equity Group IT and Operations Director, noted that the upgrade would enhance customer experience.
“We are delighted to launch the Equitel 4G services in the market, in line with strengthening Equitel’s capability as a mobile virtual network operator (MVNO). The new Equitel 4G SIM will address the issues of slow internet connection and limited data coverage,” said Lanre.
Equitel is a multi-channel money product in Kenya offering customers the convenience, accessibility and ease of transacting through a variety of bank channels including ATMs, online banking, bank branches and agents.
It also provides a distinctive, agile and secure mobile channel that seamlessly integrates banking and other financial products and services while providing value-added telco products and services.
During Equity Group’s Q1 2021 results announcement, Equitel registered a 14% growth in customer transactions from 65.4 million in Q1 2020 to 74.8 million in Q1 2021, while the value of transactions grew by 163% from Kshs. 160.5 billion in Q1 2020 to Kshs. 421.8 billion in Q1 2021.